Malta and Philippines Government Debt Near €12 bn and ₱19 trillion in 2026

By the end of June 2026, Malta’s central government debt rose to €11.93 billion, an increase of €936.6 million from the previous year, according to the National Statistics Office. The rise was driven mainly by higher holdings in Malta Government Stocks, Treasury Bills and euro‑coin issuances, while foreign loans fell. The consolidated fund showed a deficit of €463.5 million, with total expenditure reaching €4.62 billion.

In the Philippines, the Bureau of the Treasury reported that national debt hit a new record of ₱19.065 trillion at the end of June 2026, surpassing the full‑year projection. The debt grew by ₱518.98 billion (2.8%) since May, with domestic borrowing accounting for 67.33% of the total and foreign borrowing 32.67%. Officials said the increase reflects continued reliance on loans to fund development projects, prompting concerns about future budget pressures and taxpayer impact.