While the national government’s (NG) debt pile hit another historic high of ₱18.16 trillion as of end-February, the Marcos Jr. administration said this still underscores the government’s well-managed debt position amid global instability. The latest data from the Bureau of the Treasury (BTr)...
The national government nearly doubled its gross borrowings to ₱408.2 billion in January as the Marcos administration front-loaded its financing requirements to take advantage of favorable market conditions. According to the latest data from the Bureau of the Treasury (BTr), gross borrowings...
Dividend remittances of government-owned and/or -controlled corporations (GOCCs) fell 17.2 percent to ₱114.6 billion in 2025, driven by a sharp contraction in the Bangko Sentral ng Pilipinas’ (BSP) remittance after leading in two consecutive years. The latest data from the Bureau of the...
Higher interest and principal payments drove the national government’s (NG) total debt payments in the first month of 2026, which surged by 29.3 percent to ₱137.7 billion from ₱106.5 billion in January last year Data from the Bureau of the Treasury (BTr) indicate that this double-digit...
Below-target borrowings could persist due to war-shocked yields, a strategy the Marcos Jr. administration appears to have applied as it enters the second quarter of 2026, with planned domestic borrowings dropping from ₱824 billion in the first quarter to ₱784 billion. In a March 23 memorandum...
Rising bond yields, fueled by global uncertainty and the ongoing conflict in the Middle East, are making it increasingly difficult for the national government (NG) to raise funds, forcing it to reject or scale back debt offers in recent weeks since the war began. During the treasury bonds (T-bonds)...
The Marcos administration is returning to the international capital markets with a three-tranche offering of United States (US) dollar-denominated global bonds to finance its national budget and refinance existing debt, according to a report from Moody’s Ratings. In a statement on Tuesday, Jan....
The national government’s total outstanding debt climbed to a record ₱17.65 trillion at end-November, exceeding internal projections and signaling continued fiscal pressure as President Marcos ramps up borrowing to fund his budget. On Wednesday, Jan. 7, the Bureau of the Treasury announced that...
The national government’s new debt pile grew to ₱2.48 trillion as of the end of October, despite a reduction in foreign borrowings, a figure at risk of expanding further due to the recent weakening of the peso. Data from the Bureau of the Treasury (BTr) showed that the government’s total...
Investors are still flocking to government debt securities despite the stock market’s recent slump, owing to the deepening probe into the flood control cases, signaling a robust local bond market. National Treasurer Sharon P. Almanza said the ongoing flood control mess has yet to make an impact...
Recurring payments from the sale of Nonoc Mining and Industrial Corp.’s assets injected more than half a billion pesos into the national coffers, pushing the government’s privatization income above ₱6 billion in the first 10 months of the year. The Nonoc Mining revenues are a “recurring...
Sluggish government expenditure, constrained by ongoing probes into public works, helped contain the 10-month budget deficit but raised concerns over the effective delivery of key economic stimulus programs. The Bureau of the Treasury reported on Wednesday, Nov. 25, that the Marcos...
