Philippines Forecast: Government Net Debt

1993 - 2030 | Yearly | PHP bn | International Monetary Fund

Key information about Philippines Forecast: Government Net Debt

  • Philippines Government Net Debt is forecasted to be 17,982.853 PHP bn in Dec 2026 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 16,468.207 PHP bn in Dec 2025.
  • Looking ahead, Philippines Government Net Debt is projected to stand at 23,834.650 PHP bn in Dec 2030.
  • The data is updated yearly and is categorized in CEIC under World Trend Plus’s Country Forecast – Table IMF.WEO: General Government Gross Debt.

View Philippines's Forecast: Government Net Debt from 1993 to 2030 in the chart:

Philippines Forecast: Government Net Debt

What is Philippines's Forecast: Government Net Debt in 2030?

Philippines Government Net Debt is forecasted to be 17,982.853 PHP bn in Dec 2026 as reported by International Monetary Fund. See the table below for more data.

Last Previous Min Max Unit Frequency Range
23,834.650 2030 22,329.392 2029 1,229.223 1994 23,834.650 2030 PHP bn yearly 1993 - 2030

Forecast: Government Net Debt by Country Comparison

country/region Last Frequency Range
Afghanistan (AFA bn) 0.000 yearly -
Albania (ALL bn) 1,725.207 2030 yearly 1997 - 2030
Algeria (DZD bn) 43,667.554 2030 yearly 1991 - 2030
Angola (AOA bn) 167,346.915 2030 yearly 2000 - 2030
Antigua and Barbuda (XCD bn) 4.615 2030 yearly 1990 - 2030
Argentina (ARS bn) 935,916.833 2030 yearly 1992 - 2030
Armenia (AMD bn) 8,541.739 2030 yearly 1996 - 2030
Australia (AUD bn) 1,762.752 2030 yearly 1989 - 2030
Austria (EUR bn) 497.923 2030 yearly 1988 - 2030
Azerbaijan (AZN bn) 42.755 2030 yearly 1995 - 2030
Bahamas (BSD bn) 12.498 2030 yearly 1990 - 2030
Bahrain (BHD bn) 35.123 2030 yearly 1990 - 2030
Bangladesh (BDT bn) 45,123.978 2030 yearly 2003 - 2030
Barbados (BBD bn) 14.794 2031 yearly 1995 - 2031
Belarus (BYN bn) 118.680 2030 yearly 2004 - 2030
Belgium (EUR bn) 897.919 2030 yearly 1980 - 2030
Belize (BZD bn) 4.122 2023 yearly 2001 - 2023
Benin (XOF bn) 9,974.403 2030 yearly 1998 - 2030
Bhutan (BTN bn) 635.512 2030 yearly 1993 - 2030
Bolivia (BOB bn) 366.957 2025 yearly 2000 - 2025
Bosnia and Herzegovina (BAM bn) 26.318 2030 yearly 1998 - 2030
Botswana (BWP bn) 234.248 2031 yearly 1999 - 2031
Brazil (BRL bn) 16,694.343 2030 yearly 2000 - 2030
Brunei (BND bn) 0.473 2030 yearly 1980 - 2030
Bulgaria (BGN bn) 107.741 2030 yearly 1998 - 2030
Burkina Faso (XOF bn) 11,292.864 2030 yearly 2002 - 2030
Burundi (BIF bn) 25,121.622 2030 yearly 2000 - 2030
Cambodia (KHR bn) 94,341.647 2030 yearly 1996 - 2030
Cameroon (XAF bn) 15,852.168 2030 yearly 1998 - 2030
Canada (CAD bn) 3,127.329 2028 yearly 1980 - 2028
Cape Verde (CVE bn) 337.752 2030 yearly 1997 - 2030
Central African Republic (XAF bn) 1,112.672 2030 yearly 1997 - 2030
Chad (XAF bn) 4,950.698 2030 yearly 1999 - 2030
Chile (CLP bn) 192,541.650 2030 yearly 1991 - 2030
China (RMB bn) 211,993.169 2030 yearly 1995 - 2030
Colombia (COP bn) 1,480,955.112 2030 yearly 1996 - 2030
Comoros (KMF bn) 333.776 2030 yearly 1984 - 2030
Congo (XAF bn) 7,218.097 2030 yearly 1989 - 2030
Costa Rica (CRC bn) 41,201.425 2030 yearly 1996 - 2030
Croatia (EUR bn) 69.452 2030 yearly 1998 - 2030
Cyprus (EUR bn) 17.243 2030 yearly 1995 - 2030
Czech Republic (CZK bn) 5,383.030 2030 yearly 1995 - 2030
Democratic Republic of Congo (CDF bn) 27,191.514 2030 yearly 2000 - 2030
Denmark (DKK bn) 1,109.412 2030 yearly 1992 - 2030
Djibouti (DJF bn) 201.683 2030 yearly 2009 - 2030
Dominica (XCD bn) 1.331 2025 yearly 1990 - 2025
Dominican Republic (DOP bn) 6,419.293 2030 yearly 1997 - 2030
Ecuador (USD bn) 67.019 2024 yearly 2001 - 2024
Egypt (EGP bn) 23,665.937 2030 yearly 1998 - 2030
El Salvador (SVC bn) 36.762 2030 yearly 1991 - 2030
Equatorial Guinea (XAF bn) 4,236.666 2030 yearly 1980 - 2030
Eritrea (ERN bn) 77.796 2019 yearly 2000 - 2019
Estonia (EUR bn) 18.697 2030 yearly 1995 - 2030
Swaziland (SZL bn) 54.798 2031 yearly 1994 - 2031
Ethiopia (ETB bn) 3,383.557 2025 yearly 1992 - 2025
Fiji (FJD bn) 14.554 2030 yearly 1992 - 2030
Finland (EUR bn) 309.778 2030 yearly 1980 - 2030
France (EUR bn) 3,784.636 2028 yearly 1980 - 2028
Gabon (XAF bn) 15,716.270 2030 yearly 1990 - 2030
Gambia (GMD bn) 140.794 2030 yearly 2000 - 2030
Georgia (GEL bn) 55.277 2030 yearly 2000 - 2030
Germany (EUR bn) 3,815.153 2030 yearly 1991 - 2030
Ghana (GHS bn) 1,249.811 2030 yearly 1990 - 2030
Greece (EUR bn) 394.346 2030 yearly 1980 - 2030
Grenada (XCD bn) 3.368 2030 yearly 1991 - 2030
Guatemala (GTQ bn) 413.006 2030 yearly 2000 - 2030
Guinea (GNF bn) 104,511.201 2030 yearly 1990 - 2030
Guinea-Bissau (GWP bn) 1,376.391 2030 yearly 1997 - 2030
Guyana (GYD bn) 2,197.023 2030 yearly 1997 - 2030
Haiti (HTG bn) 951.892 2030 yearly 1997 - 2030
Honduras (HNL bn) 571.951 2030 yearly 1990 - 2030
Hong Kong SAR, China (HKD bn) 615.406 2031 yearly 2005 - 2031
Hungary (HUF bn) 88,987.164 2030 yearly 1995 - 2030
Iceland (ISK bn) 2,445.114 2030 yearly 1982 - 2030
India (INR bn) 456,696.781 2031 yearly 1992 - 2031
Indonesia (IDR bn) 14,280,134.087 2030 yearly 2000 - 2030
Iran (IRR bn) 493,028,884.544 2031 yearly 1997 - 2031
Iraq (IQD bn) 314,027.921 2030 yearly 2004 - 2030
Ireland (EUR bn) 214.408 2030 yearly 1990 - 2030
Israel (ILS bn) 2,046.092 2030 yearly 2000 - 2030
Italy (EUR bn) 3,138.281 2028 yearly 1988 - 2028
Ivory Coast (XOF bn) 43,116.070 2030 yearly 1997 - 2030
Jamaica (JMD bn) 2,636.923 2031 yearly 2000 - 2031
Japan (JPY bn) 1,593,466.283 2030 yearly 1980 - 2030
Jordan (JOD bn) 38.316 2030 yearly 1988 - 2030
Kazakhstan (KZT bn) 90,755.360 2030 yearly 2002 - 2030
Kenya (KES bn) 19,848.135 2030 yearly 1998 - 2030
Kiribati (AUD bn) 0.246 2030 yearly 1988 - 2030
South Korea (KRW bn) 2,010,487.869 2030 yearly 1990 - 2030
Kosovo (EUR bn) 3.640 2030 yearly 2006 - 2030
Kuwait (KWD bn) 14.274 2030 yearly 1991 - 2030
Kyrgyzstan (KGS bn) 1,221.773 2030 yearly 2000 - 2030
Laos (LAK bn) 152,655.509 2022 yearly 2001 - 2022
Latvia (EUR bn) 29.376 2030 yearly 1998 - 2030
Lebanon (LBP bn) 4,147,223.858 2024 yearly 2000 - 2024
Lesotho (LSL bn) 35.707 2031 yearly 1989 - 2031
Liberia (LRD bn) 3.492 2030 yearly 2000 - 2030
Libya (LYD bn) 140.430 2021 yearly 1990 - 2021
Lithuania (EUR bn) 59.129 2030 yearly 1998 - 2030
Luxembourg (EUR bn) 33.450 2030 yearly 1995 - 2030

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Philippines Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -6.0 Sep 2025 quarterly Dec 1985 - Sep 2025
Consolidated Fiscal Balance (USD mn) 191.324 Oct 2025 monthly Jan 1985 - Oct 2025
Tax Revenue (USD mn) 7,109.904 Oct 2025 monthly Jan 1985 - Oct 2025
Tax Revenue: % of GDP (%) 15.6 Sep 2025 quarterly Mar 1985 - Sep 2025
National Government Debt (USD mn) 297,648.2 Oct 2025 monthly Jan 1993 - Oct 2025
Government Debt: % of GDP (%) 63.1 Sep 2025 quarterly Mar 1993 - Sep 2025
Forecast: Government Expenditure (PHP bn) 9,538.160 2030 yearly 1989 - 2030
Forecast: Government Net Debt (PHP bn) 23,834.650 2030 yearly 1993 - 2030
Forecast: Government Revenue (PHP bn) 8,774.629 2030 yearly 1989 - 2030
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 14,437,106.000 Oct 2025 monthly Jan 2006 - Oct 2025
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 938,368.000 Oct 2025 monthly Jan 2006 - Oct 2025
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -3,827.8 Oct 2025 monthly Jan 1957 - Oct 2025
Total Exports (USD mn) 7,391.9 Oct 2025 monthly Jan 1979 - Oct 2025
Total Exports Growth (%) 19.4 Oct 2025 monthly Jan 1980 - Oct 2025
Aluminum: Exports (USD th) 195,030.466 2024 yearly 1995 - 2024
Exports: Medicament (USD th) 24,205.344 2024 yearly 1995 - 2024
Exports: Medicinal and Pharmaceutical Product (USD th) 12,686.801 2024 yearly 1995 - 2024
Total Imports (USD mn) 11,219.7 Oct 2025 monthly Jan 1979 - Oct 2025
Total Imports Growth (%) -6.5 Oct 2025 monthly Jan 1980 - Oct 2025
Imports: Medicament (USD th) 1,838,565.771 2024 yearly 1995 - 2024
Imports: Medicinal and Pharmaceutical Product (USD th) 626,781.378 2024 yearly 1995 - 2024
Total Exports to USA (USD mn) 1,161.615 Oct 2025 monthly Jan 1978 - Oct 2025
Total Imports from USA (USD mn) 690.708 Oct 2025 monthly Jan 1986 - Oct 2025
Total Exports to China (USD mn) 868.438 Oct 2025 monthly Jan 1984 - Oct 2025
Total Imports from China (USD mn) 3,408.777 Oct 2025 monthly Jan 1986 - Oct 2025
Imports: Metalliferous Ores and Metal Scrap (USD mn) 83.443 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Iron and Steel (USD mn) 382.669 Dec 2018 monthly Jan 2006 - Dec 2018
Imports: Medicinal and Pharmaceutical Products (USD mn) 108.103 Dec 2018 monthly Jan 2006 - Dec 2018
Export Value Index (2015=100) 126.842 2021 yearly 1980 - 2021
Import Value Index (2015=100) 166.404 2021 yearly 1980 - 2021
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 305.3 Jun 2025 monthly Jan 2005 - Jun 2025
Current Account Balance (USD mn) -1,678.8 Jun 2025 monthly Jan 1999 - Jun 2025
Current Account Balance: % of GDP (%) -4.0 Jun 2025 quarterly Mar 1981 - Jun 2025
Foreign Direct Investment (USD mn) 493.7 Aug 2025 monthly Jan 2005 - Aug 2025
Foreign Direct Investment: % of GDP (%) 1.3 Jun 2025 quarterly Mar 2005 - Jun 2025
Foreign Portfolio Investment (USD mn) 942.773 Jun 2025 quarterly Mar 2005 - Jun 2025
Foreign Portfolio Investment: % of GDP (%) 0.8 Jun 2025 quarterly Mar 1981 - Jun 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -144.1 Jun 2025 quarterly Mar 1996 - Jun 2025
Foreign Portfolio Investment: Debt Securities (USD mn) 1,086.904 Jun 2025 quarterly Mar 1977 - Jun 2025
External Debt (USD mn) 148,873.0 Jun 2025 quarterly Mar 2005 - Jun 2025
External Debt: % of GDP (%) 29.8 2024 yearly 1990 - 2024
External Debt: Short Term (USD mn) 21,409.3 Jun 2025 quarterly Mar 2005 - Jun 2025
External Debt: Short Term: % of GDP (%) 4.5 2024 yearly 2005 - 2024
Forecast: Current Account Balance (USD bn) -13.928 2030 yearly 1980 - 2030
Net International Investment Position (USD mn) -68,284.036 Jun 2025 quarterly Dec 2012 - Jun 2025
BoP: FA: Financial Derivatives (FD) (USD mn) 3.339 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) -56.003 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 109.782 Dec 2024 monthly Jan 2005 - Dec 2024
BoP: CA: Services: Credit: Export (USD mn) 4,345.739 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Services: Debit: Import (USD mn) 3,242.350 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -721.743 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Goods: Debit: Import (USD mn) 10,973.729 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Secondary Income (USD mn) 2,712.952 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Capital Account (CA) (USD mn) 7.090 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Debit: Payments (USD mn) 0.463 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Net Acquisition of Financial Assets (USD mn) 1,867.029 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 5,213.863 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -109.359 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Services (USD mn) 1,103.388 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) 2,863.171 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Direct Investment (DI) (USD mn) -424.122 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,503.036 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,088.860 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Change in Reserve Assets: Debit (USD mn) 3,540.703 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Primary Income (USD mn) 414.176 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 2,750.794 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Net Incurrence of Liabilities (USD mn) 8,335.793 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Credit: Receipts (USD mn) 7.553 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Financial Account (FA) (USD mn) -6,468.764 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -106.020 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Secondary Income: Debit: Payments (USD mn) 93.584 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Goods: Credit: Export (USD mn) 4,544.863 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Export (USD mn) 13,200.174 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Portfolio Investment (PI) (USD mn) -112.376 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Import (USD mn) 15,398.524 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 2,806.536 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: CA: Goods (USD mn) -6,428.866 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: Current Account (CA) (USD mn) -2,198.350 Sep 2024 monthly Jan 2005 - Sep 2024
BoP: FA: Other Investments (OI) (USD mn) -5,935.605 Sep 2024 monthly Jan 2005 - Sep 2024
External Debt: By Country Profile: Country: Japan (USD mn) 15,383.270 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: Germany (USD mn) 1,601.742 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: France (USD mn) 1,223.412 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: Medium and Long Term (USD mn) 118,527.393 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: UK (USD mn) 4,510.353 Sep 2024 quarterly Mar 2005 - Sep 2024
External Debt: By Country Profile: Country: USA (USD mn) 3,119.277 Sep 2024 quarterly Mar 2005 - Sep 2024
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
FDI: Approved: Manufacturing (PHP mn) 30,550.029 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Transportation & Storage (PHP mn) 11,869.695 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Real Estate Activities (PHP mn) 2,515.437 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Administrative & Support Services (PHP mn) 3,327.175 Dec 2024 quarterly Mar 2010 - Dec 2024
FDI: Approved: Information & Communication (PHP mn) 265.529 Dec 2024 quarterly Mar 2010 - Dec 2024
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.3 Oct 2025 monthly Mar 2008 - Oct 2025
Household Debt: % of GDP (%) 12.8 Sep 2025 quarterly Mar 2009 - Sep 2025
Non-Performing Loans (USD mn) 9,285.066 Sep 2025 quarterly Mar 2008 - Sep 2025
Money Supply M1 (USD mn) 127,138.042 Oct 2025 monthly Dec 1988 - Oct 2025
Money Supply M2 (USD mn) 317,145.401 Oct 2025 monthly Dec 1988 - Oct 2025
M2 Growth (%) 8.8 Oct 2025 monthly Dec 1989 - Oct 2025
Reserve Requirement Ratio (%) 5.0 Nov 2025 monthly May 1986 - Nov 2025
Foreign Exchange Reserves (USD mn) 88,412.0 Nov 2025 monthly Jan 1960 - Nov 2025
Foreign Exchange Reserves: Months of Import (NA) 7.9 Oct 2025 monthly Jan 1979 - Oct 2025
Gold Reserves (USD mn) 18,025.841 Nov 2025 monthly Dec 1956 - Nov 2025
Total Deposits (USD mn) 362,936.341 Sep 2025 quarterly Mar 2008 - Sep 2025
Total Deposits Growth (%) 7.6 Sep 2025 quarterly Mar 2009 - Sep 2025
Domestic Credit (USD mn) 365,706.8 Oct 2025 monthly Dec 2001 - Oct 2025
Domestic Credit Growth (%) 10.5 Oct 2025 monthly Dec 2002 - Oct 2025
Household Debt (USD mn) 60,938.4 Sep 2025 quarterly Mar 2009 - Sep 2025
Total Loans (USD mn) 256,125.179 Oct 2025 monthly Mar 2008 - Oct 2025
Total Loans Growth (%) 10.56 Oct 2025 monthly Mar 2009 - Oct 2025
Private Debt: % of Nominal GDP (%) 49.96 Sep 2025 quarterly Dec 2001 - Sep 2025
DCS: Domestic Claims (DC) (PHP mn) 21,577,798.580 Oct 2025 monthly Dec 2001 - Oct 2025
YoY: DCS: LA: M4: Foreign Currency Deposits of Residents (%) 8.255 Oct 2025 monthly Dec 2002 - Oct 2025
YoY: DCS: LA: M4: M3 (%) 8.820 Oct 2025 monthly Dec 2002 - Oct 2025
YoY: DCS: LA: M4: M3: M2 (%) 9.089 Oct 2025 monthly Dec 2002 - Oct 2025
YoY: DCS: LA: M4: M3: Deposit Substitutes (%) 8.434 Oct 2025 monthly Dec 2002 - Oct 2025
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 5.000 Nov 2025 monthly May 1986 - Nov 2025
ORA: Other Reserve Assets (USD mn) 1,552.07 Jun 2018 monthly Apr 2000 - Jun 2018
Consumer Loans (CL): Philippine Banking System (PBS) (PHP bn) 3,536.987 Sep 2025 quarterly Mar 2009 - Sep 2025
CL: PBS: Real Estate: Residential (PHP bn) 1,177.772 Sep 2025 quarterly Mar 2009 - Sep 2025
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -16.0 Sep 2025 quarterly Jun 2002 - Sep 2025
Business Outlook: Index: Services: Current Quarter (Point) 52.860 Dec 2024 quarterly Jun 2001 - Dec 2024
Business Outlook: Index: Industry: Current Quarter (Point) 34.545 Dec 2024 quarterly Jun 2001 - Dec 2024
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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