Government borrowings accelerated in November last year mainly due to increased domestic financing, data from the Bureau of the Treasury revealed. Gross borrowings of the Marcos administration amounted to P97.87 billion in November alone, up 266 percent from only P26.69 billion in the same month in...
The strengthening of the peso against the US dollar in November helped soften the rise in government debt, the Bureau of the Treasury reported. Based on the Treasury report on Tuesday, Jan. 3, the outstanding debt of the national government stood at P13.644 trillion at end-November, up by a...
Revenue collection is on track to hit the government's full-year target this year driven by the Bureau of Customs’ better than expected performance, data from the Bureau of the Treasury showed. Based on the Treasury report on Tuesday, Dec. 27, total revenues reached P3.277 billion from January to...
The Marcos administration is planning to borrow P200 billion from domestic creditors in the first month of next year to finance the government’s budget deficit, data from the Bureau of the Treasury showed. Based on a Treasury memorandum posted on its website, the national government has raised...
The Civil Service Commission has announced that a total of 12,800 examinees passed the Fire Officer Examination (FOE), Penology Officer Examination (POE), and the Basic Competency on Local Treasury Examination (BCLTE). (Photo courtesy of CSC) According to CSC, a total of 10,115 examinees passed the...
The Bureau of the Treasury cancelled its last borrowing plan for the year given the government’s better than expected revenue collection performance, resulting in lower borrowing than originally planned. National Treasurer Rosalia V. De Leon said on Monday, Dec. 12, that the bureau already...
Debt payments of the national government dropped by more than half in October this year due to lower amortization, data from the Bureau of the Treasury showed. Marcos administration’s debt servicing reached P39.82 billion in October, down 55 percent more O89.06 billion paid out in the same month...
The Philippine goverment must take prompt decisive actions on the latest sanctions imposed by the United States (US) Department of Treasury against controversial preacher Apollo Quiboloy, the Gabriela Women’s Party said on Sunday, Dec. 11. Gabriela Rep. Arlene Brosas (left) and Pastor Apollo...
The legal team of televangelist Pastor Apollo Quiboloy and his church, the Kingdom of Jesus Christ (KOJC), has lamented the alleged lack of due process when the United States imposed sanctions on their client, who they said is not convicted of any crime yet. They made the reaction on Saturday after...
A good development. ACT Teachers Party-list Rep. France Castro (House of Representatives website) That's how Deputy Minority leader and ACT Teachers party-list Rep. France Castro described the developments in the stateside cases against Kingdom of Jesus Christ, The Name Above Every Name (KOJC)...
Government debt stock rose anew in October this year due to new loans and weakening peso, data from the Bureau of the Treasury revealed. As of October 2022, the national government’s outstanding debt stood at P13.641 trillion, up 14 percent compared with P11.971 trillion in the same period last...
The Bureau of the Treasury assured the public that the government will impose safeguard measures to ensure the integrity of the proposed Maharlika Wealth Fund (MWF). In a statement, National Treasurer Rosalia V. De Leon said on Wednesday, Dec. 7, that the bureau supports the establishment of a P250...
