PH gov’t debt seen surging to record high P21.5T in ’27

MANILA, Philippines — The national government’s outstanding debt is projected to climb to a record P21.479 trillion by end-2027 amid the peso’s depreciation and a slower pace of fiscal consolidation, according to the Department of Budget and Management (DBM). In its Budget of Expenditures and Sources of Financing for fiscal year 2027, the DBM said