As the new year approaches, the Bureau of the Treasury reported that the national government's debt remained below the full-year target set by the Marcos administration for 2023. At end-November last year, the national government's outstanding debt stood at P14.509 trillion, still P114 billion...
Government debt swelled in October even as the peso's depreciation against the US dollar provided some relief, data from the Bureau of the Treasury showed. The government's outstanding debt as of end-November stood at P14.48 trillion, an increase of P212.13 billion compared to the September figure...
The national government's debt service bill accelerated in the first nine-months of the year, primarily driven by higher amortization payments, data from the Bureau of the Treasury showed. Between January and September, the Marcos administration's debt payments surged by 57 percent to reach P1.4...
The Bureau of the Treasury said the Marcos administration has recorded a slight decrease in its foreign and local borrowings in the first nine months of the year. From January to September 2023, gross financing totaled P1.782 trillion, a two percent drop compared to the same period last year when...
The national government's debt stock had decreased in September compared to the previous month due to repayments made to both local and foreign creditors, the Bureau of the Treasury reported on Tuesday, Oct. 31. The government's outstanding debt as of September stood at P14.269 trillion, a decline...
The Marcos administration's July borrowings dropped by almost a quarter, mainly due to a reduction in loans acquired from local creditors. According to the Bureau of the Treasury, government borrowing in July amounted to P131.94 billion, a 24 percent decrease from the P174.95 billion recorded in...
Economists and financial experts have emphasized the importance of the debt-to-GDP ratio as a crucial economic indicator, surpassing the significance of the nominal amount of debt held by the government. Traditionally, the focus has been on the nominal amount of debt, which simply measures...
Government debt reached P14.24 trillion in July this year due to continued borrowing, but the peso's appreciation against the US dollar provided some relief, data from the Bureau of the Treasury showed. The national government's outstanding debt increased by 10 percent in July from P12.89 trillion...
The national government has decided to reduce its borrowing plan from domestic lenders next month. Based on the financing program released by the Bureau of the Treasury on Wednesday, Aug. 30, the national government has planned to borrow P180 billion from the local market in September. The latest...
The national government's debt payment in the first half of the year doubled after increasing its budget allocation for repaying loans that were nearing their maturity. Data from the Bureau of the Treasury revealed that from January to June 2023, debt servicing amounted to P907.9 billion, a 98...
In order to meet the Marcos administration’s spending requirements, the national government had to borrow over P1.4 trillion in the first half of the year due to a lack of sufficient funds. Based on the Bureau of the Treasury report, gross borrowing of the Marcos administration amounted to P1.423...
The Marcos administration will again tap the overseas debt markets with its three-tranche US dollar dominated bond sale that aims to bridge the government’s budget deficit for the year. Based on a document obtained by reporters, the Philippine government launched on Monday, Jan. 9, the...
