Due to the holiday season, the national government has scaled back its domestic borrowing plan for the month of December.

Data from the Bureau of the Treasury showed that the Marcos administration intends to borrow just P60 billion next month, a substantial decrease from November's P225 billion.

The decrease in the borrowing program was due to a reduced number of work weeks.

The bureau plans to hold only two auctions for Treasury bonds and bills in December, as opposed to the usual frequency of at least four times.

With the aim of raising a total of P20 billion, the auction dates for P3 billion worth of 91-day, and 182-day, as well as P4 billion of 364-day T-bills have been scheduled for Dec. 4 and 11.

Additionally, the Treasury expects T-bond auctions to generate around P40 billion. 

The Treasury aims to raise P20 billion through 10-year T-bonds on Dec. 5, and another P20 billion through 15-year debt papers on Dec. 12.

Treasury bills and treasury bonds are types of investments issued by the government. 

T-bills are short-term investments that mature in one year or less. 

Treasury bonds, on the other hand, are long-term investments with maturities typically ranging from 10 to 30 years. 

Both treasury bills and treasury bonds are considered low-risk investments because they are backed by the government's credit. 

They are commonly used by investors seeking stable and secure options for their money.