National debt of the Philippines

The National debt of the Philippines is the total debt, or unpaid borrowed funds, carried by the national government of the Philippines. As of November 2020, the general government debt of the Philippines amounts to ₱10.13 trillion ($210,709,166,300). The debt-to-GDP ratio, which reflects the ability to pay obligations, will jump from a record-low 39.6 percent in 2019 to 53.9 percent in 2020 and 58.1 percent in 2021.[1]

  • Domestic debt: ₱7.19 trillion ($149,555,666,900) (November 2020)[1]
  • External debt: ₱2.94 trillion ($61,153,499,400) (November 2020)[1]
  • Total debt: ₱10.13 trillion ($210,709,166,300) (November 2020)[1]

Comparative graph of total national debt from 2001–2010.

General Government Debt
General Government Debt of the Philippines in billions of pesos[2]
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[3] 5,128.0 2,604.0 7,731.0 39.6% 19,516.4
2020[3] 7,077.0 2,950.0 10,028.0 53.9% 12,809.1
2021 58.1%

References
  1. "Gov't debt burden swells to P10.13T". Inquirer.net. January 7, 2021. Retrieved January 7, 2021.
  2. "General Government Debt". Department of Finance. Retrieved June 7, 2020.
  3. "Selected Economic and Financial Indicators" (PDF). Bangko Sentral ng Pilipinas. Retrieved January 8, 2021.
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