PH gov’t foreign borrowings down 71.13% in Q3 2025 —BSP

The Philippine government’s foreign borrowings declined in the third quarter of 2025, according to the Bangko Sentral ng Pilipinas (BSP).

In a statement on Friday, the BSP said the policy-setting Monetary Board approved $1.10 billion worth of proposed public sector foreign borrowings in the July to August period.

This was 71.13% lower than the $3.81 billion approved foreign borrowings in the same quarter last year.

The central bank said the foreign borrowings during the quarter have medium- to long-term maturities and were meant to bankroll projects on social protection.

In the first three quarters of 2025, the BSP said public sector foreign borrowings stood at $12.28 billion.

Under Section 20, Article VII of the 1987 Constitution, all foreign borrowing proposals by the national government, government agencies, and government financial institutions as well as loans to be guaranteed by the national government require prior approval of the BSP’s Monetary Board. 

The central bank said the requirement “is in line with the BSP’s tasks of ensuring that the country’s foreign debt remains manageable.” —AOL, GMA Integrated News