Philippine national debt has increased to P19.61 trillion as of August 2026, according to the Bureau of the Treasury.

This is 1.12% higher, or equivalent to P217.62 billion, compared to the national debt recorded in July 2026, which is only P19.39 trillion.

“The NG total outstanding debt reached P19.61 trillion as of end-August 2026, representing a 1.12% or P217.62 billion increase from the P19.39 trillion recorded as of end-July 2026,” the Bureau of Treasury said

If the recent national debt is compared to last year’s data, this is 10.72% higher, meaning it rises approximately P1.90 trillion compared to the  P17.71 trillion in 2025.

According to the Bureau of Treasury, the increase is linked to the net issuances of government securities.

“The increase was mainly due to the net issuances of government securities amounting to P127.85 billion, with the depreciation of the peso against the US dollar boosting the peso value of Onshore Dollar Bonds (ODBs) by P2.52 billion,” they said

Meanwhile, the external debt climbed to 1.39% or equivalent to P87.25 billion. From P6.28 trillion in July, it rose to P6.37 trillion this August.

The increase is linked to the peso-dollar exchange and external loans.

“This increase was mainly attributable to the P90.32  billion increase in the peso value of foreign-currency denominated debt due to peso depreciation against the US dollar and the net availment of external loans amounting to P2.86 billion. This was partly offset by the P5.93 billion decrease resulting from favorable  movements in third currencies against the US dollar,” the said

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