The Bureau of the Treasury reported that government subsidies to state-owned companies increased in July, with the majority of the funds being used to support the universal healthcare program. The national government provided P33.24 billion in financial aid to government-owned and controlled...
The Bureau of the Treasury has assigned two state-owned banks to arrange the upcoming launch of a retail dollar bond (RDB) offering. The Land Bank of the Philippines and the Development Bank of the Philippines (DBP) are tasked with leading and managing the retail bond sale targeting small...
The Commission on Audit (COA) has called out the Bureau of Treasury (BoT) over its purchase in 2022 of more than P5.24 million worth of grocery items which were distributed to its officials and employees despite lack of proper authorization. In its audit report, COA said that the purchase of the...
The national government's budget deficit was nearly halved in July owing to strong revenue collection, data from the Bureau of the Treasury showed. The fiscal deficit, which arises when government expenditures exceed revenues, amounted to P47.8 billion in July 2023, a 45 percent decrease compared...
The national government has decided to reduce its borrowing plan from domestic lenders next month. Based on the financing program released by the Bureau of the Treasury on Wednesday, Aug. 30, the national government has planned to borrow P180 billion from the local market in September. The latest...
The Department of Budget and Management (DBM) said the Advisory Body of the Maharlika Investment Corp. (MIC) will submit the names of nominees responsible for overseeing the country's sovereign wealth fund to Malacañang by mid-October. Budget Secretary Amenah F. Pangandaman told Manila Bulletin on...
The national government's debt payment in the first half of the year doubled after increasing its budget allocation for repaying loans that were nearing their maturity. Data from the Bureau of the Treasury revealed that from January to June 2023, debt servicing amounted to P907.9 billion, a 98...
How would you feel if the government were to borrow some of your hard-earned savings from the banks? Well, generally, banks do not take your feelings into consideration. In reality, they are allowed to utilize the savings of their depositors, which are sitting idle in their vaults, and invest them....
In order to meet the Marcos administration’s spending requirements, the national government had to borrow over P1.4 trillion in the first half of the year due to a lack of sufficient funds. Based on the Bureau of the Treasury report, gross borrowing of the Marcos administration amounted to P1.423...
National Treasurer Rosalia de Leon assured the public that the government had adequate safety nets to ensure the Maharlika Investment Fund (MIF) would be transparent and not mismanaged. *Bureau of the Treasury (file photo)* Citing De Leon's interview with the media, the Presidential...
The Civil Service Commission (CSC) announced on Thursday, June 8, that the list of testing centers and school assignments in relation to the conduct of the Basic Competency on Local Treasury Examination (BCLTE) set on June 11 can now be accessed online. CSC said in a statement that it...
The Philippine Charity Sweepstakes Office (PCSO) turned over P2.6 billion worth of funds to the Bureau of Treasury (BTr) in accordance with its mandate as the major charitable arm of the country. PCSO General Manager Mel Robles turns over a check worth P2,665,701,213.78 to BTr Deputy Treasurer...
