MANILA, Philippines – Despite recently hitting a new record high, the country’s debt remains broadly sustainable, with greater attention needed on rebuilding fiscal space to protect key services and prepare for future economic headwinds. In an interview, World Bank Senior Economist Jaffar Al-Rikabi said the rise in debt stock reflects normal budget financing pressures. READ: Government debt hits new high of P17.65 trillion Fresh domestic and foreign borrowings pushed the national government’s outstanding debt to P17.65 trillion in November, exceeding the Marcos administration’s full-year program of P17.36 trillion for 2025. “We are generally reassured that [debt] is very sustainable. There […]... Keep on reading: Despite hitting new high, Philippine debt still seen as sustainable