Government debt decreased by P139.8 billion at the end of August, primarily due to recent appreciation of the peso and net repayments of foreign debt. As of August 2024, the national government's total outstanding debt stood at P15.55 trillion, reflecting a 0.9-percent decline from the end of July....
Short-term government yields declined further amid strong investor interest, fueled by rising expectations of central bank interest rate cuts and reserve requirement reductions. At Monday’s auction, Sept 30, the Bureau of the Treasury (BTr) successfully raised P20 billion through T-bills, with...
The Bureau of the Treasury (BTr) reported a rise in the Marcos administration’s borrowings in August, driven primarily by increased reliance on domestic lenders. In August, the national government secured a total gross financing of P174 billion, reflecting a 40-percent hike from P124.1 billion in...
The Marcos administration plans to raise P310 billion in the fourth quarter through the sale of treasury bills and bonds. According to a memorandum from the Bureau of the Treasury, the government plans to secure P220 billion through treasury bill auctions scheduled from October to December,...
SAGIP Party-List Rep. Rodante Marcoleta (Dexter Barro II/MANILA BULLETIN) SAGIP Party-list Rep. Rodante Marcoleta can't seem to catch a break. In a chamber where a solon's status is reflected by the number and quality of committee...
The Marcos administration’s budget deficit narrowed significantly in August due to robust revenue growth and a slight contraction in public spending, the Bureau of the Treasury reported. In a statement, the Treasury said the national government incurred a fiscal deficit of P54.2 billion in August...
For its active use of the Filipino language, the local government of Pasig City was recognized and awarded the Seal of Excellence in Public Service 2024-Level 2 by the Komisyon ng Wikang Filipino (KWF). Photos from Pasig PIO The award was received by Elvira Flores, head of the Human Resource...
The World Bank has cited progress in spending the $178.1-million loan that the Philippines obtained two years ago to fight prevalent stunting among Filipino children. A Sept. 23 implementation status and results report showed the Washington-based multilateral lender upgraded the overall risk rating...
State-run Government Service Insurance System (GSIS) said that its Multi-Purpose Loan Flex (MPL Flex) program has provided over P208 billion in loans to nearly 800,000 members within a year of its launch. Introduced in September 2023, the MPL Flex offers government employees a flexible loan option...
The Civil Service Commission (CSC) urged this year’s Outstanding Government Workers to uphold a level of excellence that fosters continuous improvement in government service, ultimately contributing to a prosperous and peaceful life for all. CSC / Manila Bulletin “Widen the scope of your...
Amid rising dengue cases in Eastern Visayas, the Government Service Insurance System (GSIS) has announced an emergency loan program worth P1.5 billion. The GSIS said in a statement on Friday, Sept. 20, that financial assistance is available to 34,739 members and pensioners residing in Samar,...
President Marcos has asked fellow public servants to continue to embody their constitutional mandate as he recognized and honored those who made significant contributions in their line of work. OUTSTANDING CIVIL SERVANTS — President Ferdinand 'Bongbong' Marcos Jr. leads the conferment of awards...
