The Philippines’ debt as a share of economic output is expected to remain elevated above 60 percent of gross domestic product (GDP) this year as the government ramps up borrowings to support its response to the national energy emergency amid the prolonged war in the Middle East. Based on the...
Ombudsman Jesus Crispin “Boying” Remulla on Tuesday, May 26, said the Office of the Ombudsman (OMB) is preparing what he described as the “grandest case of them all” against former House Speaker Martin Romualdez in connection with an alleged conspiracy involving the national budget. During...
The national government’s (NG) usual April budget surplus shrank by more than half this year after the annual income tax returns (AITRs) filing and payment deadline was extended by one month due to the national energy emergency, although revenues were partly supported by millions of pesos in...
State-run Maharlika Investment Corp. (MIC), which manages the country’s first sovereign wealth fund (SWF), grew its total comprehensive income by 2.3 percent to ₱2.74 billion last year from ₱2.68 billion in 2024 as business income rose despite higher expenses. Based on MIC’s latest...
Domestic lenders sought higher yields due to political uncertainty, such that the government fell short of its planned up to ₱33-billion borrowing from short-dated debt paper on Monday, May 18. The Bureau of the Treasury (BTr) raised just ₱25.4 billion during its latest treasury bills...
The national government increased subsidies to state-run corporations by nearly a fifth in the first quarter of the year, driven by aggressive funding injections for energy modernization and agricultural support. According to the latest data from the Bureau of the Treasury, total financial...
The Philippine Health Insurance Corporation (PhilHealth) said it is targeting up to ₱400 billion in health benefit coverage in 2026 as it expands services nationwide, following the return of ₱60 billion in government funds. PhilHealth President and Chief Executive Officer Edwin Mercado said the...
The national government fully awarded its ₱30 billion offering of reissued five-year Treasury bonds on Tuesday, May 12, even as investors demanded higher yields amid persistent inflationary pressures and weakening local currency. The Bureau of the Treasury opted for a full award of the Series...
The Marcos Jr. administration fell short of its planned borrowing of up to ₱39 billion on Monday, May 11, as demand for short-dated debt papers remained weak and interest rates continued to climb following the Bangko Sentral ng Pilipinas’ (BSP) policy hike. During the latest treasury bills...
A massive surge in principal payments during the first quarter of 2026 drove the national government’s (NG) total debt service payments to ₱737.4 billion, more than doubling the ₱342 billion recorded in the same period last year. The latest Bureau of the Treasury (BTr) data showed that the...
The Philippine Health Insurance Corporation (PhilHealth) said P60 billion has been returned to the state health insurer from the National Treasury, months after the transfer of the agency’s excess funds triggered controversy and legal challenges. In a statement released on Wednesday, May 6,...
The government’s outstanding debt surged to a fresh record high of ₱18.49 trillion at the end of March as weakening peso inflated the cost of foreign obligations and local borrowing continued, according to the Bureau of the Treasury data. The debt stock increased by ₱328.4 billion, or 1.8...
