When debt quietly eats the budget

When debt quietly eats the budget

Public debate often fixates on the size of the national debt, which is a concern in itself. But the more consequential number — the one that ultimately determines what government can actually do — rarely makes headlines: how much of the national budget is now being consumed simply to service that debt. Debt has grown faster than the economy From 2022 to 2025, national government debt rose from ₱12.79 trillion to about ₱16.75 trillion, growing at…