The day before the briefing, Marcos had raised his concern over the country’s debt-to-GDP ratio before members of the United States-Association of Southeast Asian Nations Business Council.
One year into office, President Ferdinand Marcos Jr. is yet to deliver “substantial” progress on his promises to improve the Philippine economic situation. But the administration’s economic managers stay optimistic that the country “remains firmly on track” toward post-pandemic recovery.
The figures are referring only to gross borrowings or new debt that the government has incurred.
At the start of 2023, an international debt watcher reported that the Philippines is among the few countries that will see a decline in their debt stock “by several percentage points” based on projected high nominal GDP growth.
Sa simula ng 2023, iniulat ng isang international debt watcher na ang Pilipinas ay kabilang sa ilang mga bansa na makakakita ng pagbaba sa kanilang debt stock “ng ilang percentage points” batay sa inaasahang mataas na nominal GDP growth.