Interest Payments on Government Debt (As % of Government Expense) in Philippines

Interest payments on government debt as a share of government expense reached 15.3% in 2023 in Philippines, according to the National Statistical Office. This is 24.8% more than in the previous year.

Historically, interest payments on government debt as a share of government expense in Philippines reached an all time high of 39.4% in 1990 and an all time low of 10.8% in 2020.

Philippines has been ranked 11th within the group of 80 countries we follow in terms of interest payments on government debt as a share of government expense.