The government successfully raised funds through the sale of short-term debt papers on higher interest rates following a faster inflation rate in July and higher-than-expected gross domestic product (GDP) in the second quarter. At an auction on Aug. 12, the national government raised P20 billion as...
The debt paid by the national government has already amounted to around P1.28 trillion in the first six months of this year, data from the Bureau of the Treasury (BTr) showed. Latest data from the Treasury showed that the Marcos administration paid a total of P1.283 trillion from January to June...
The Philippines recorded a slight increase in its budget deficit to 4.9 percent of the gross domestic product (GDP) driven by the widening gap between government spending and revenue collection. Data from the Bureau of the Treasury revealed that the six-month budget deficit as a percentage of GDP...
Investors pressed for an increase in Philippine benchmark interest rates for most short-term loans a day before the release of inflation data, which is expected to pick up due to the effects of Typhoon Carina. At the Treasury Bureau’s auction on Monday, Aug. 5, the national government...
The Marcos administration ramped up its domestic borrowing, causing a substantial increase in the government's overall financing in the first half of the year compared to the previous year. Data released by the Bureau of the Treasury showed that the national government's gross borrowings totaled...
The national government is planning to issue $500 million of Japanese yen-denominated bonds, as well as US dollar and euro-denominated bonds this year, to raise an additional $3 billion for its 2024 borrowing program. Finance Secretary Ralph Recto said the government will begin issuing the bonds in...
Government debt reached P15.48 trillion in June this year due to continued borrowing and the peso's depreciation against the US dollar, data from the Bureau of the Treasury showed. The national government's outstanding debt increased by seven percent in June from P14.52 trillion in the same month...
Yields on short-term debts rose again following the damages caused by Typhoon Carina, which could lead to an inflation uptick. During an auction on Monday, July 29, the Bureau of the Treasury raised the full-programmed P20 billion. The total bids received during the auction amounted to P36 billion...
The Marcos administration increased its financial backing for the National Irrigation Administration (NIA) while scaling back support for the Philippine Health Insurance Corp. (PhilHealth) in the first half of the year. Data from the Bureau of the Treasury revealed that the national government...
Government revenues from asset sales surged in the first half of the year but well behind the target set by the Department of Finance (DOF), data from the Bureau of the Treasury showed. Between January and June 2024, the national government garnered P411.52 million through the privatization of...
The national government will use the funds from its insurance program to cover the P308.5 million damage sustained by 451 public schools due to Typhoon Carina. In a statement on Thursday, July 25, the Bureau of the Treasury (BTr) said it will file a claim under its National Indemnity Insurance...
The Bureau of the Treasury reported on Wednesday, July 24, that the national government's financing gap fell below ceiling in the first half of the year due to increased revenues. From January to June 2024, the national government recorded a budget deficit of P613.9 billion, seven percent lower...
