Tag page - BORROW

The unprecedented borrowings since the government began community quarantine in March last year have added P2.3 trillion to the public debt, data from the Bureau of the Treasury showed on Monday, May 3. The total outstanding debt of the national government accelerated by 27 percent to P10.77...

The Duterte administration borrowed a record P2.74 trillion last year to bridge the ballooning budget deficit induced by the coronavirus pandemic, data from the Bureau of the Treasury showed. The national government’s gross borrowings accelerated by 170 percent in January to December last year to...

Mostly from domestic market The large structural liquidity in the local financial system will let the government continue preferring the domestic market as a key source of its funding requirements in 2021 to mitigate the buildup of foreign exchange risks from external borrowings, a Cabinet official...