The Bureau of the Treasury (BTr) has fully awarded all tenors during the Treasury bills (T-bills) auction on Monday with a total of P15 billion as demand for the government paper was seen to be weak. The total bids reached P47.250 billion, an oversubscription of more than three times the target...
The national government slashed the amount of subsidy it extended to government-owned and controlled corporations (GOCCs) to around 18 percent last year, but bulk of it went to the Philippine Health Insurance Corp. (Philhealth). Financial support extended to the state-owned companies plunged to...
The Marcos administration's budget surplus nearly doubled in the first month of the year due to strong revenues generated by the government's two main tax agencies. The Bureau of the Treasury reported that the national government posted a fiscal surplus of P88 billion last January, a significant...
President Marcos has appointed a new set of officials in several government agencies. President Ferdinand 'Bongbong' Marcos Jr. (Photo courtesy of Malacañang) Marcos named on Tuesday, March 12, new officials under agencies such as Commission on the Filipino Language, National Youth Commission,...
Senator Juan Edgardo “Sonny” Angara said he is confident that the ongoing efforts of the Senate to amend the two decades-old Government Procurement Reform Act (GPRA) will result to greater implementation of major government projects, acquisition of goods and supplies and reducing, if not...
The national government increased its debt service by almost a quarter last year as payments for interest and amortization soared. Data from the Bureau of the Treasury showed that the Marcos administration’s debt payments reached P1.6 trillion from January to December 2023, higher 24 percent than...
President Marcos directed relevant government agencies to provide assistance to the families of the Filipino seafarers who survived and died in the Houthi Attack off Yemen. Photos: Malacañang & United States Central Command Marcos said this after the Department of Migrant Workers (DMW)...
Government Service Insurance System (GSIS) members and pensioners affected by the recent African Swine Fever (AFS) in Oriental Mindoro can now avail of an emergency loan. In a statement on Friday, March 8, GSIS said that the pension fund opened its emergency loan window valued at P428 million,...
Mayor Emi Calixto-Rubiano (Photo courtesy of Pasay PIO) Pasay City Mayor Emi Calixto-Rubiano lauded the Pasay Bureau of Fire and Protection (BFP) personnel for their hard work in saving lives and properties during fire incidents. “Let us continue exhibiting passion in doing your job,...
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...
