Gov’t borrowings breached ’25 target, climbed to P2.65T

The Marcos administration breached its borrowing program for 2025 amid higher-than-planned external loans, latest data from the Bureau of the Treasury (BTr) showed. Total borrowings last year hit P2.65 trillion, overshooting the P2.6-trillion target by about P50 billion. This figure is also a nearly 4-percent increase from 2024 borrowings. The breach was largely due to the