Debt payments by the Philippine government breached the P1 trillion threshold in the first four-months of the year due to higher interest settlements. Data from the Bureau of the Treasury showed that the national government's debt servicing reached P1.15 trillion in January to April, or 32 percent...
The Bureau of the Treasury reported a decrease in borrowing by the Marcos administration from both domestic and foreign lenders in April this year. The total gross financing for the national government last month amounted to P89.2 billion, a 31 percent decrease compared to P129.9 billion in April...
The Marcos administration plans to borrow more funds this year than initially planned, the Department of Finance (DOF) announced. In a statement, Finance Secretary Ralph G. Recto said on Monday, April 29, that the national government plans to borrow P2.57 trillion in 2024. The funds will be...
The Marcos administration's borrowing decreased in the first quarter of this year due to reduced funding from international creditors, data from the Bureau of the Treasury showed. Gross borrowings of the national government totaled P830.4 billion from January to March 2024, a 12 percent decline...
Investors pushed anew for higher rates on short-term debt papers following hawkish signals from the US Federal Reserve and other local monetary officials. At an auction on Monday, April 15, the Bureau of the Treasury raised P15 billion as planned with the full-award of Treasury bills (T-bills). The...
The Bureau of the Treasury reported that the Marcos administration significantly increased its borrowing in February this year, primarily from the domestic market. In the second month of 2024, the national government's gross borrowings totaled P419.97 billion, higher by 22 percent compared to...
The national government's debt surpassed the P15-trillion mark in February. According to the Bureau of the Treasury's report on Wednesday, April 3, government debt load soared by P388 billion in February alone on the back of borrowing spree from domestic lenders. The borrowing during the month...
The Marcos administration’s budget deficit expanded by half in February due to higher public spending and the slower growth in non-tax revenues, data from the Bureau of the Treasury showed. The national government's fiscal gap amounted to P164.7 billion last month, up 55 percent compared to the...
The Bureau of the Treasury reported that the national government has spent over three times on debt payments in the first month of the year due to significant amortization obligations. In January 2024, the government's debt servicing expenses totaled P158.9 billion, a substantial 232 percent...
The Marcos administration intends to secure funding exceeding half a trillion pesos from the local market in second quarter to cover the government's budget shortfall. Based on the Bureau of the Treasury's borrowing plan, a total of P585 billion is projected to be sourced from the issuance of both...
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...
