Philippines Forecast: Government Net Debt

1993 - 2031 | Yearly | PHP bn | International Monetary Fund

Key information about Philippines Forecast: Government Net Debt

  • Philippines Government Net Debt is forecasted to be 18,205.874 PHP bn in Dec 2026 as reported by International Monetary Fund.
  • It records an increase from the last reported number of 16,632.414 PHP bn in Dec 2025.
  • Looking ahead, Philippines Government Net Debt is projected to stand at 25,111.900 PHP bn in Dec 2031.
  • 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 2031 in the chart:

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Philippines Forecast: Government Net Debt
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Philippines Forecast: Government Net Debt

What is Philippines's Forecast: Government Net Debt in 2031?

Philippines Government Net Debt is forecasted to be 18,205.874 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
25,111.900 2031 23,808.762 2030 1,229.223 1994 25,111.900 2031 PHP bn yearly 1993 - 2031

Forecast: Government Net Debt by Country Comparison

country/region Last Frequency Range
Afghanistan (AFA bn) 0.000 yearly -
Albania (ALL bn) 1,842.138 2031 yearly 1997 - 2031
Algeria (DZD bn) 46,429.136 2031 yearly 1991 - 2031
Angola (AOA bn) 148,671.062 2031 yearly 2000 - 2031
Antigua and Barbuda (XCD bn) 4.688 2031 yearly 1990 - 2031
Argentina (ARS bn) 1,135,016.071 2031 yearly 1992 - 2031
Armenia (AMD bn) 8,511.017 2031 yearly 1996 - 2031
Australia (AUD bn) 1,836.786 2031 yearly 1989 - 2031
Austria (EUR bn) 536.008 2031 yearly 1988 - 2031
Azerbaijan (AZN bn) 36.438 2031 yearly 1995 - 2031
Bahamas (BSD bn) 12.302 2031 yearly 1990 - 2031
Bahrain (BHD bn) 37.024 2031 yearly 1990 - 2031
Bangladesh (BDT bn) 51,666.846 2031 yearly 2003 - 2031
Barbados (BBD bn) 14.985 2032 yearly 1995 - 2032
Belarus (BYN bn) 124.226 2031 yearly 2004 - 2031
Belgium (EUR bn) 926.271 2031 yearly 1980 - 2031
Belize (BZD bn) 4.122 2023 yearly 2001 - 2023
Benin (XOF bn) 11,705.649 2031 yearly 1998 - 2031
Bhutan (BTN bn) 668.684 2031 yearly 1993 - 2031
Bolivia (BOB bn) 568.866 2026 yearly 2000 - 2026
Bosnia and Herzegovina (BAM bn) 33.159 2031 yearly 1998 - 2031
Botswana (BWP bn) 281.503 2032 yearly 1999 - 2032
Brazil (BRL bn) 19,545.654 2031 yearly 2000 - 2031
Brunei (BND bn) 0.327 2031 yearly 1980 - 2031
Bulgaria (BGN bn) 61.343 2031 yearly 1998 - 2031
Burkina Faso (XOF bn) 12,214.696 2031 yearly 2002 - 2031
Burundi (BIF bn) 16,456.023 2031 yearly 2000 - 2031
Cambodia (KHR bn) 86,697.368 2031 yearly 1996 - 2031
Cameroon (XAF bn) 16,462.067 2031 yearly 1998 - 2031
Canada (CAD bn) 3,127.329 2028 yearly 1980 - 2028
Cape Verde (CVE bn) 329.093 2031 yearly 1997 - 2031
Central African Republic (XAF bn) 2,183.806 2031 yearly 1997 - 2031
Chad (XAF bn) 5,184.630 2031 yearly 1999 - 2031
Chile (CLP bn) 230,572.348 2031 yearly 1991 - 2031
China (RMB bn) 240,212.113 2031 yearly 1995 - 2031
Colombia (COP bn) 1,618,852.942 2031 yearly 1996 - 2031
Comoros (KMF bn) 276.803 2031 yearly 1984 - 2031
Congo (XAF bn) 7,848.301 2031 yearly 1989 - 2031
Costa Rica (CRC bn) 42,544.877 2031 yearly 1996 - 2031
Croatia (EUR bn) 73.731 2031 yearly 1998 - 2031
Cyprus (EUR bn) 15.890 2031 yearly 1995 - 2031
Czech Republic (CZK bn) 5,836.992 2031 yearly 1995 - 2031
Democratic Republic of Congo (CDF bn) 166,606.147 2031 yearly 2000 - 2031
Denmark (DKK bn) 1,125.692 2031 yearly 1992 - 2031
Djibouti (DJF bn) 188.006 2031 yearly 2009 - 2031
Dominica (XCD bn) 1.331 2025 yearly 1990 - 2025
Dominican Republic (DOP bn) 6,653.467 2031 yearly 1997 - 2031
Ecuador (USD bn) 70.915 2025 yearly 2001 - 2025
Egypt (EGP bn) 27,592.914 2031 yearly 1998 - 2031
El Salvador (SVC bn) 38.848 2031 yearly 1991 - 2031
Equatorial Guinea (XAF bn) 3,933.113 2031 yearly 1980 - 2031
Eritrea (ERN bn) 77.796 2019 yearly 2000 - 2019
Estonia (EUR bn) 22.883 2031 yearly 1995 - 2031
Swaziland (SZL bn) 69.947 2032 yearly 1994 - 2032
Ethiopia (ETB bn) 3,383.557 2025 yearly 1992 - 2025
Fiji (FJD bn) 14.168 2031 yearly 1992 - 2031
Finland (EUR bn) 345.972 2031 yearly 1980 - 2031
France (EUR bn) 3,784.636 2028 yearly 1980 - 2028
Gabon (XAF bn) 19,585.417 2031 yearly 1990 - 2031
Gambia (GMD bn) 148.390 2031 yearly 2000 - 2031
Georgia (GEL bn) 57.634 2031 yearly 2000 - 2031
Germany (EUR bn) 3,991.688 2031 yearly 1991 - 2031
Ghana (GHS bn) 1,260.307 2031 yearly 1990 - 2031
Greece (EUR bn) 350.588 2031 yearly 1980 - 2031
Grenada (XCD bn) 3.386 2031 yearly 1991 - 2031
Guatemala (GTQ bn) 428.107 2031 yearly 2000 - 2031
Guinea (GNF bn) 140,002.750 2031 yearly 1990 - 2031
Guinea-Bissau (GWP bn) 1,544.892 2031 yearly 1997 - 2031
Guyana (GYD bn) 3,202.282 2031 yearly 1997 - 2031
Haiti (HTG bn) 1,132.785 2031 yearly 1997 - 2031
Honduras (HNL bn) 563.489 2031 yearly 1990 - 2031
Hong Kong SAR, China (HKD bn) 885.007 2032 yearly 2005 - 2032
Hungary (HUF bn) 103,732.809 2031 yearly 1995 - 2031
Iceland (ISK bn) 2,969.169 2031 yearly 1982 - 2031
India (INR bn) 498,272.236 2032 yearly 1992 - 2032
Indonesia (IDR bn) 15,850,140.853 2031 yearly 2000 - 2031
Iran (IRR bn) 919,689,132.630 2032 yearly 1997 - 2032
Iraq (IQD bn) 330,759.548 2031 yearly 2004 - 2031
Ireland (EUR bn) 220.890 2031 yearly 1990 - 2031
Israel (ILS bn) 2,199.025 2031 yearly 2000 - 2031
Italy (EUR bn) 3,138.281 2028 yearly 1988 - 2028
Ivory Coast (XOF bn) 46,124.094 2031 yearly 1997 - 2031
Jamaica (JMD bn) 3,214.399 2032 yearly 2000 - 2032
Japan (JPY bn) 1,506,421.281 2031 yearly 1980 - 2031
Jordan (JOD bn) 45.285 2031 yearly 1988 - 2031
Kazakhstan (KZT bn) 104,770.347 2031 yearly 2002 - 2031
Kenya (KES bn) 24,174.502 2031 yearly 1998 - 2031
Kiribati (AUD bn) 0.262 2031 yearly 1988 - 2031
South Korea (KRW bn) 2,147,968.047 2031 yearly 1990 - 2031
Kosovo (EUR bn) 3.922 2031 yearly 2006 - 2031
Kuwait (KWD bn) 23.230 2031 yearly 1991 - 2031
Kyrgyzstan (KGS bn) 1,690.360 2031 yearly 2000 - 2031
Laos (LAK bn) 152,655.509 2022 yearly 2001 - 2022
Latvia (EUR bn) 31.543 2031 yearly 1998 - 2031
Lebanon (LBP bn) 4,304,038.492 2025 yearly 2000 - 2025
Lesotho (LSL bn) 32.892 2032 yearly 1989 - 2032
Liberia (LRD bn) 3.438 2031 yearly 2000 - 2031
Libya (LYD bn) 140.430 2021 yearly 1990 - 2021
Lithuania (EUR bn) 64.613 2031 yearly 1998 - 2031
Luxembourg (EUR bn) 40.420 2031 yearly 1995 - 2031

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Philippines Key Series

Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -5.2 Mar 2026 quarterly Dec 1985 - Mar 2026
Consolidated Fiscal Balance (USD mn) -5,885.881 Mar 2026 monthly Jan 1985 - Mar 2026
Tax Revenue (USD mn) 4,654.998 Mar 2026 monthly Jan 1985 - Mar 2026
Tax Revenue: % of GDP (%) 14.0 Mar 2026 quarterly Mar 1985 - Mar 2026
National Government Debt (USD mn) 304,381.5 Mar 2026 monthly Jan 1993 - Mar 2026
Government Debt: % of GDP (%) 65.2 Mar 2026 quarterly Mar 1993 - Mar 2026
Forecast: Government Expenditure (PHP bn) 9,934.920 2031 yearly 1989 - 2031
Forecast: Government Net Debt (PHP bn) 25,111.900 2031 yearly 1993 - 2031
Forecast: Government Revenue (PHP bn) 9,229.872 2031 yearly 1989 - 2031
Govt Debt: Domestic and Foreign: Outstanding: Long Term (PHP mn) 15,391,393.000 Mar 2026 monthly Jan 2006 - Mar 2026
Govt Debt: Domestic and Foreign: Outstanding: Short Term (PHP mn) 996,803.000 Mar 2026 monthly Jan 2006 - Mar 2026
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 5.556 2028 yearly 1980 - 2028
Trade Balance (USD mn) -4,511.8 Mar 2026 monthly Jan 1957 - Mar 2026
Total Exports (USD mn) 8,167.2 Mar 2026 monthly Jan 1979 - Mar 2026
Total Exports Growth (%) 20.4 Mar 2026 monthly Jan 1980 - Mar 2026
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 (%) 12.3 Mar 2026 monthly Jan 1980 - Mar 2026
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) 1,400.522 Mar 2026 monthly Jan 1978 - Mar 2026
Total Imports from USA (USD mn) 804.230 Mar 2026 monthly Jan 1986 - Mar 2026
Total Exports to China (USD mn) 956.768 Mar 2026 monthly Jan 1984 - Mar 2026
Total Imports from China (USD mn) 3,503.224 Mar 2026 monthly Jan 1986 - Mar 2026
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) 179.000 2023 yearly 1980 - 2023
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 742.4 Dec 2025 monthly Jan 2005 - Dec 2025
Current Account Balance (USD mn) -379.1 Dec 2025 monthly Jan 1999 - Dec 2025
Current Account Balance: % of GDP (%) -4.0 Jun 2025 quarterly Mar 1981 - Jun 2025
Foreign Direct Investment (USD mn) 590.3 Feb 2026 monthly Jan 2005 - Feb 2026
Foreign Direct Investment: % of GDP (%) 1.5 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Portfolio Investment (USD mn) -1,798.205 Dec 2025 quarterly Mar 2005 - Dec 2025
Foreign Portfolio Investment: % of GDP (%) -1.3 Dec 2025 quarterly Mar 1981 - Dec 2025
Foreign Portfolio Investment: Equity Securities (USD mn) -157.2 Dec 2025 quarterly Mar 1996 - Dec 2025
Foreign Portfolio Investment: Debt Securities (USD mn) -1,641.004 Dec 2025 quarterly Mar 1977 - Dec 2025
External Debt (USD mn) 147,650.8 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: % of GDP (%) 30.3 2025 yearly 1990 - 2025
External Debt: Short Term (USD mn) 21,409.3 Jun 2025 quarterly Mar 2005 - Jun 2025
External Debt: Short Term: % of GDP (%) 4.2 2025 yearly 2005 - 2025
Forecast: Current Account Balance (USD bn) -20.861 2031 yearly 1980 - 2031
Net International Investment Position (USD mn) -50,829.173 Dec 2025 quarterly Dec 2012 - Dec 2025
BoP: Change in Reserve Assets: Debit (USD mn) -836.308 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Credit: Receipts (USD mn) 10.278 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Net Incurrence of Liabilities (USD mn) 4,461.846 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Primary Income (USD mn) 32.767 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Services: Credit: Export (USD mn) 5,080.793 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: DI: Net Acquisition of Financial Assets (USD mn) 742.394 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Secondary Income: Debit: Payments (USD mn) 125.809 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: PI: Net Acquisition of Financial Assets (USD mn) 5,578.880 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Financial Derivatives (FD) (USD mn) 9.236 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: Financial Account (FA) (USD mn) 1,395.121 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Goods: Credit: Export (USD mn) 5,281.430 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: DI: Net Incurrence of Liabilities (USD mn) 590.279 Feb 2026 monthly Jan 2005 - Feb 2026
BoP: FA: OI: Net Acquisition of Financial Assets (USD mn) -402.489 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: FD: Net Acquisition of Financial Assets (USD mn) -61.818 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Goods (USD mn) -5,086.682 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Goods: Debit: Import (USD mn) 10,368.112 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Services: Debit: Import (USD mn) 3,624.841 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: Capital Account (CA) (USD mn) 9.231 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: OI: Net Incurrence of Liabilities (USD mn) 5,812.189 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Secondary Income (USD mn) 3,218.838 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Net Acquisition of Financial Assets (USD mn) 5,856.967 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Import (USD mn) 15,573.930 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Debit: Payments (USD mn) 1.047 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Export (USD mn) 15,194.805 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Services (USD mn) 1,455.953 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: FD: Net Incurrence of Liabilities (USD mn) -71.054 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Secondary Income: Credit: Receipts (USD mn) 3,344.647 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Primary Income: Credit: Receipts (USD mn) 1,487.935 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: Current Account (CA) (USD mn) -379.125 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Direct Investment (DI) (USD mn) 182.400 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: CA: Primary Income: Debit: Payments (USD mn) 1,455.168 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Other Investments (OI) (USD mn) -6,214.679 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: PI: Net Incurrence of Liabilities (USD mn) -1,839.284 Dec 2025 monthly Jan 2005 - Dec 2025
BoP: FA: Portfolio Investment (PI) (USD mn) 7,418.164 Dec 2025 monthly Jan 2005 - Dec 2025
External Debt: By Country Profile: Country: Japan (USD mn) 16,583.303 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: By Country Profile: Country: France (USD mn) 2,309.536 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: Medium and Long Term (USD mn) 127,417.379 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: By Country Profile: Country: Germany (USD mn) 1,590.827 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: By Country Profile: Country: UK (USD mn) 4,003.006 Dec 2025 quarterly Mar 2005 - Dec 2025
External Debt: By Country Profile: Country: USA (USD mn) 2,328.956 Dec 2025 quarterly Mar 2005 - Dec 2025
Business Closure (BC): All Industries (Unit) 3,294.000 2017 yearly 1995 - 2017
FDI: Approved: Manufacturing (PHP mn) 9,079.568 Mar 2026 quarterly Mar 2010 - Mar 2026
FDI: Approved: Information & Communication (PHP mn) 521.633 Mar 2026 quarterly Mar 2010 - Mar 2026
FDI: Approved: Real Estate Activities (PHP mn) 828.119 Mar 2026 quarterly Mar 2010 - Mar 2026
FDI: Approved: Transportation & Storage (PHP mn) 566.963 Mar 2026 quarterly Mar 2010 - Mar 2026
FDI: Approved: Administrative & Support Services (PHP mn) 2,652.730 Mar 2026 quarterly Mar 2010 - Mar 2026
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 3.3 Mar 2026 monthly Mar 2008 - Mar 2026
Household Debt: % of GDP (%) 13.6 Dec 2025 quarterly Mar 2008 - Dec 2025
Non-Performing Loans (USD mn) 9,360.452 Mar 2026 quarterly Mar 2008 - Mar 2026
Money Supply M1 (USD mn) 131,388.225 Mar 2026 monthly Dec 1988 - Mar 2026
Money Supply M2 (USD mn) 327,044.436 Mar 2026 monthly Dec 1988 - Mar 2026
M2 Growth (%) 11.2 Mar 2026 monthly Dec 1989 - Mar 2026
Reserve Requirement Ratio (%) 5.0 Apr 2026 monthly May 1986 - Apr 2026
Foreign Exchange Reserves (USD mn) 79,663.1 Apr 2026 monthly Jan 1960 - Apr 2026
Foreign Exchange Reserves: Months of Import (NA) 6.5 Mar 2026 monthly Jan 1979 - Mar 2026
Gold Reserves (USD mn) 19,779.505 Apr 2026 monthly Dec 1956 - Apr 2026
Total Deposits (USD mn) 365,783.299 Mar 2026 quarterly Mar 2008 - Mar 2026
Total Deposits Growth (%) 10.2 Mar 2026 quarterly Mar 2009 - Mar 2026
Domestic Credit (USD mn) 379,778.4 Mar 2026 monthly Dec 2001 - Mar 2026
Domestic Credit Growth (%) 11.5 Mar 2026 monthly Dec 2002 - Mar 2026
Household Debt (USD mn) 64,710.5 Dec 2025 quarterly Mar 2008 - Dec 2025
Total Loans (USD mn) 264,071.207 Mar 2026 monthly Mar 2008 - Mar 2026
Total Loans Growth (%) 11.26 Mar 2026 monthly Mar 2009 - Mar 2026
Private Debt: % of Nominal GDP (%) 52.20 Mar 2026 quarterly Dec 2001 - Mar 2026
YoY: DCS: LA: M4: Foreign Currency Deposits of Residents (%) 12.013 Mar 2026 monthly Dec 2002 - Mar 2026
YoY: DCS: LA: M4: M3 (%) 11.238 Mar 2026 monthly Dec 2002 - Mar 2026
YoY: DCS: LA: M4: M3: Deposit Substitutes (%) 9.444 Mar 2026 monthly Dec 2002 - Mar 2026
YoY: DCS: LA: M4: M3: M2 (%) 5.951 Mar 2026 monthly Dec 2002 - Mar 2026
DCS: Domestic Claims (DC) (PHP mn) 23,067,737.949 Mar 2026 monthly Dec 2001 - Mar 2026
Reserve Requirement Ratio: Commercial Banks: Local Currency Deposits (%) 5.000 Apr 2026 monthly May 1986 - Apr 2026
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) 3,805.301 Dec 2025 quarterly Mar 2008 - Dec 2025
CL: PBS: Real Estate: Residential (PHP bn) 1,193.681 Dec 2025 quarterly Mar 2008 - Dec 2025
Business and Economic Survey Last Frequency Range
Global Competitiveness Index (Score) 61.869 2019 yearly 2017 - 2019
Business Confidence Growth (% Point) -15.2 Dec 2025 quarterly Jun 2002 - Dec 2025
PH: Ease of Doing Business Rank: 1=Most Business-friendly Regulations (NA) 95.000 2019 yearly 2019 - 2019

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