The Bureau of the Treasury (BTr) reported that the Philippine government's outstanding debt reached a new high in March, with the country incurring P104.142 billion in new commitments during the month, totaling P13.856 trillion.

According to BTr data, the government's overall debt as of March was P13.856 trillion, up from P13.752 trillion in February and P13.698 trillion in January.

Domestic debt accounted for P9.513 trillion, comprising P156 million from direct loans and P9.513 trillion from debt securities.

The government declared P4.343 trillion in external indebtedness, based on a P54.318:$1 exchange rate. External commitments include loans totaling P1.947 trillion and debt securities totaling P2.396 trillion.

On the same BTr data, there was P 384.118 billion in guaranteed debt as of March, encompassing P 202.083 billion in domestic debt and P 182.035 billion in external debt.

The inter-agency Development Budget Coordination Committee (DBCC) recently predicted that government revenues will be P3.7 trillion this year, with an annual growth of P512.7 billion until they reach P6.6 trillion in 2028 due to more tax reforms.