National debt of the Philippines explained

The national debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of the end of February 2024, the total national debt of the Philippines amounts to ₱15.18 trillion ($269.4 billion).^[1]

• Total outstanding debt: ₱14.62 trillion ($264.49 billion) (58.3% of GDP) (December 2023)^[2]

∟Domestic debt: ₱9.70 trillion ($174.80 billion) (40.0% of GDP) (June 2023)

∟External debt: ₱4.45 trillion ($80.19 billion) (18.3% of GDP) (June 2023)

• Gross external debt: $111.3 billion (27.5% of GDP) (F.Y. 2021-22)^{[3] [4]}

General Government Debt

General Government Debt of the Philippines in billions of pesos^[5] !Fiscal year!Domestic!Foreign!National Government Debt!General Government Debt! % of GDP! GDP

2005	2,164.3	1,723.9	3,888.2	3,359.5	56.8%	5,917.3
2006	2,154.1	1,697.4	3,851.5	3,230.0	49.3%	6,550.4
2007	2,201.2	1,511.3	3,712.5	3,044.2	42.3%	7,198.2
2008	2,414.4	1,806.5	4,220.9	3,406.5	49.3%	8,050.2
2009	2,470.0	1,926.6	4,396.6	3,555.7	42.4%	8,390.4
2010	2,718.2	2,000.0	4,718.2	3,854.7	41.0%	9,399.5
2011	2,873.4	2,077.8	4,951.2	4,020.4	39.6%	10,144.7
2012	3,468.4	1,968.7	5,437.1	4,288.7	38.8%	11,060.6
2013	3,733.4	1,947.7	5,681.2	4,529.9	37.6%	12,050.6
2014	3,820.6	1,914.6	5,735.2	4,602.5	34.8%	13,206.8
2015	3,884.4	2,070.2	5,954.5	4,828.8	34.6%	13,994.2
2016	3,934.1	2,156.2	6,090.3	5,016.9	33.2%	15,132.4
2017	4,441.3	2,211.2	6,652.5	5,778.8	34.9%	16,556.7
2018	4,776.9	2,515.6	7,292.5	6,280.6	34.4%	18,265.2
2019^[6]	5,128.0	2,604.0	7,731.0		39.6%	19,516.4
2020	7,077.0	2,950.0	10,028.0		53.9%	17,937.6
2021^[7]	8,170.4	3,558.1	11,728.5		58.1%	19,390
2022	9,208.4	4,210.5	13,418.9		60.9%	22,023
2023	9,700.0	4,450.0	14,150.0		58.3%	24,276

Notes and References

1. Web site: National Government Debt Recorded at P14.15 Trillion as of end-June 2023 . Bureau of the Treasury . August 2023 . November 26, 2023.
2. Web site: Philippines exceeds debt payment goals in 2023 . Bilyonaryo .com . March 11, 2024 . March 12, 2024 .
3. Web site: BSP External Debt FAQs . dead . https://web.archive.org/web/20230313145447/https://www.bsp.gov.ph/Lists/Download%20Section/Attachments/139/FAQsExternalDebt.pdf . March 13, 2023 . January 1, 2023 . Bangko Sentral ng Pilipinas.
4. Web site: Philippines external debt hits record high $111.3 billion in 2022 . March 20, 2023 . Philippine Star.
5. Web site: General Government Debt . . June 7, 2020 .
6. Web site: Selected Economic and Financial Indicators . . January 8, 2021 .
7. Web site: Philippine debt balloons to new record-high P12.76T as of end-April . GMA News Online . June 2, 2022 .