The Bureau of the Treasury borrowed P15 billion from the local debt market through its successful auction of Treasury bills (T-bills) on Monday, March 4. Averages rates continued to move up during the auction, with all the tenors fetching slightly higher rates. Robust investor demand also marked...
President Marcos took out slightly more loans last year to finance the government's operations and projects. Based on the Bureau of the Treasury's data, the national government's gross borrowings increased by 1.4 percent to P2.193 trillion between January and December 2023 from P2.163 trillion in...
The national government's debt is edging closer to the P15 trillion mark, fueled by increased borrowing to cover the budget deficit, data from the Bureau of the Treasury showed. In January 2024, the government's total debt rose by eight percent to P14.79 trillion from P13.698 trillion in the same...
House Speaker Martin Romualdez speaking during the general assembly of the League of Municipalities of the Philippines (Speaker’s Office) Following the directive of President Marcos, Speaker Martin Romualdez has assured top local government unit (LGU)...
The national government fell short anew in making a full award of the short-term debt papers following the record-high P585 billion retail treasury bond issuance. The Bureau of the Treasury during an auction on Monday, February 26, partially borrowed P14.8 billion through the sale of Treasury bills...
The Department of Finance (DOF) said the Marcos administration is on track to meet its borrowing requirements for the year, which will provide the necessary funding for government programs and projects. With a total financing goal of P2.46 trillion for 2024, the government plans to secure 75...
Parañaque Mayor Eric Oliuvarez, Cong. Edwin Olivarez and the officials of Eco Ikot Center Replication project (Photo courtesy of Parañaque PIO) The Eco Ikot Center Replication (EICR) project was launched in Parañaque to raise residents' awareness on proper waste identification...
Local government units (LGUs) may send workers to other countries under the sisterhood agreements with foreign counterparts like those forged with several cities in South Korea, the Department of Justice (DOJ) said. However, in a legal opinion, the DOJ stressed: " While LGUs may be the primary...
President Marcos has ordered the Department of Social Welfare and Development (DSWD) to ensure that the peso value of government assistance will not diminish. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of PPA/ KJ Rosales) Marcos made the directive during a sectoral meeting in...
The Government Service Insurance System (GSIS) plans to secure new investment opportunities as part of its efforts to diversify and enhance long-term profitability. Wick Veloso, GSIS president and general manager said the fund has intensified its focus on alternative investments, including private...
The government sold some short-term loans to Filipino investors, even though interest rates were up and there were fewer takers. During the auction on Monday, Feb. 19, the Bureau of the Treasury raised P14.5 billion through the sale of Treasury bills (T-bills), below the P15 billion program. ...
The Marcos administration's efforts toward fiscal consolidation may proceed at a slower pace, as economic managers are considering revising down their growth forecasts for the medium term, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the...
