MANILA – The Philippine Government’s total liabilities reached ₱18.13 trillion at end-January 2026, up 2.14 percent from end-2025, the Bureau of the Treasury (BTr) reported Wednesday, March 4. Domestic debt accounts for 68 percent, while foreign currency-denominated loans make up 32 percent. The BTr said the rise in debt “reflects the government’s strategy of frontloading
