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 national government's debt dipped below the P15 trillion mark in March this year, driven by repayments to domestic creditors, the Bureau of the Treasury reported. According to the Treasury's report on Thursday, May 2, the national government’s outstanding debt decreased by 1.6 percent in...
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...
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 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...
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...
The news of the country's debt nearing P15 trillion is undoubtedly alarming. It raises the question of why the government continues to borrow extensively, despite its significant indebtedness. While many Filipinos tend to avoid borrowing, viewing debt as inherently negative and a sign of poor...
The Marcos administration amassed a total of P1.2 trillion in new debt during its first full-year in Malacañang. Data from the Bureau of the Treasury showed that the national government concluded 2023 with a total outstanding debt of P14.616 trillion, nine percent or P1.197 trillion higher...
Finance Secretary Ralph G. Recto has dismissed worries about the country's ballooning debt stock, affirming the government's capability to meet all maturing financial obligations. Recto said that the current total government debt, which amounted to P14.51 trillion as of November last year,...
