• The Marcos administration has so far incurred P1.82 trillion in debt since it assumed office, largely due to a high interest rate environment, pushing the country’s outstanding obligation to an all-time high of P14.62 trillion in 2023, according to the Bureau of the Treasury.
• The latest figure was also 8.92 percent higher than the end-2022 debt of P13.42 trillion.
• The current debt-to-GDP ratio is now just slightly above the internationally accepted threshold of 60 percent. Reducing the ratio means that economic growth should outpace the level of borrowings of the Philippines.

https://www.philstar.com/business/2024/02/01/2329962/philippines-debt-hits-record-p146-trillion