The national government of the Philippines owes a total of P18.55 trillion as of end-May 2026, according to a report from Philstar Biz.
The debt figure represents an increase from previous months, reflecting ongoing government borrowings to fund infrastructure and social programs. The Bureau of the Treasury typically releases updated debt data monthly.
Economists have noted that while the debt level remains manageable relative to gross domestic product, continued monitoring is necessary to ensure fiscal sustainability. The government has maintained that borrowings are directed toward productive investments that can stimulate economic growth.