The Bases Conversion and Development Authority (BCDA) has remitted a record-high ₱2.04 billion in dividends to the national government in 2025, marking a 30.68-percent increase from last year’s ₱1.56 billion.
The Philippine national government’s total outstanding debt climbed to a fresh record of P16.68 trillion as of end-March 2025, up P51.51 billion or 0.31 percent from the previous month, according to the Bureau of the Treasury.
The rise in debt was attributed to new borrowings from both domestic and external sources, as well as the peso’s depreciation against the US dollar, which weakened from 57.847 in December 2024 to 58.375 in January 2025.
Despite the higher September deficit, the national government remains on track to meet its fiscal targets, with 65.4 percent of the P1.5-trillion full-year deficit program achieved as of September, the Bureau of the Treasury said.
The national government's total outstanding debt reached a record P15.69 trillion at the end of July 2024, marking an increase of P206.49 billion or 1.3 percent from the previous month.