Lacson: Each Filipino Now P120,000 in Debt October 30, 2021 ( MEXICO, Pampanga) - Each Filipino, even those just born today, is already in debt by at least a whopping P120,000 even as the national debt has reached P11.92 trillion as of end-September, Sen. Panfilo "Ping" M. Lacson lamented on Friday. Lacson, who personally addressed attendees at his and Senate President Vicente "Tito" C. Sotto III's Online Kumustahan here, noted the national debt is projected to reach a staggering P13.42 trillion by June 2022. This is compounded by the problems brought by the pandemic, which has negatively affected Filipinos' health and the country's economy, he said. "Ang pandemya di natin alam kailan matatapos. Pangalawa, dulot ng pandemya, lumobo ang ating pambansang utang (We do not know when the pandemic will end. Second, because of the pandemic, our national debt has ballooned)," Lacson said. He said that while the debt stood at P5.9 trillion when the ...