The national government lowered its borrowings to ₱1.14 trillion from January to April 2025, down by ₱28 billion from last year’s ₱1.16 trillion, mainly due to the massive decline in borrowings from local lenders. According to the Bureau of the Treasury (BTr), the January-to-April figure...
The national government recorded a budget surplus of ₱67.3 billion in April, marking a 57.5 percent jump from the same month last year, as tax collections rose by 7.8 percent—boosted by stronger revenue from corporate, personal income, and value-added taxes (VAT) collected by the Bureau of...
The national government has raised more than its offered amount of ₱25 billion through short-term debt papers, as demand from local creditors soared despite lower interest rates driven by expectations of further rate cuts in the coming months. At Monday’s auction on May 26, the Bureau of the...
The Marcos administration has successfully borrowed ₱30 billion from the sale of long-term debt securities, but borrowing costs climbed amid dampened creditor interest due to elevated US bond yields following Moody’s downgrade of its credit rating. At Tuesday’s auction, the Bureau of the...
The Marcos administration has successfully borrowed ₱25 billion from domestic lenders through short-term debt papers, as creditors moved to lock in relatively higher interest rates ahead of a possible reduction in key borrowing costs by the Bangko Sentral ng Pilipinas (BSP) at its policy meeting...
The Marcos administration’s subsidies to government-owned and/or -controlled corporations (GOCCs) increased by 15.3 percent to ₱22.6 billion in the first quarter of 2025 from ₱19.6 billion a year earlier. According to the latest data from the Bureau of the Treasury (BTr), the increase in...
The issuance of GBonds, a variant of retail treasury bonds (RTBs), through e-wallet GCash by the national government has been postponed from December last year to the second half of 2025. National Treasurer Sharon P. Almanza said during a financial literacy seminar held last week in Milan, Italy,...
The Marcos administration has successfully borrowed ₱25 billion from domestic lenders through short-dated debt papers, with creditor appetite remaining relatively high despite the drop in interest rates following the peaceful results of the midterm elections. At Tuesday’s auction on May 13, the...
The Marcos administration’s total debt payments declined by 65.3 percent in the first quarter of 2025, as it settled significantly smaller amounts of principal payments to domestic lenders, offsetting the relatively negligible increase in interest payments. Data from the Bureau of the Treasury...
Borrowing rates for short-dated T-bills rose across the board on Monday, May 5, but it didn 't stop the Bureau of the Treasury (BTr) from raising the ₱25 billion it sought to borrow. In a statement, the BTr said it awarded ₱8 billion in the benchmark 91-day treasury bills at 5.573...
Despite surging to ₱478.8 billion in the first quarter of 2025, the national government expects the full-year budget gap to stay within the ₱1.5 trillion target, citing expected non-tax revenues and a more balanced expenditure rollout in the coming months. Data from the Bureau of the Treasury...
Following the government’s recent massive ₱300 billion Treasury note issuance, the national government has secured long-term debt at higher interest rates, reflecting investor adjustments to reduced peso liquidity and lingering global inflation concerns. On Tuesday, April 29, the Bureau of the...
