Tag page - response

Government borrowings jumped fourfold last month following the issuance of retail bonds aimed at small investors although foreign borrowings decreased significantly, data from the Bureau of the Treasury showed. According to the data, gross financing of the Duterte administration increased by 314...

The Duterte administration’s borrowings increased by over ninefold in October due to Bangko Sentral ng Pilipinas’ (BSP) cash advance to the national government, data from the Bureau of the Treasury showed. Gross borrowings of the national government in October this year increased by 1,244...

The Department of Finance (DOF) ordered the Department of Trade and Industry (DTI) to return to the government coffers the P32.6 billion sitting idle in the state-owned Philippine International Trading Corp. (PITC). In a statement, Finance Secretary Carlos G. Dominguez III said he has...

The Department of Agriculture (DA) will withdraw nearly P800 million from its Quick Response Fund (QRF) to assist farmers, fishermen, and livestock raisers that were severely affected by Typhoon Quinta. Typhoon Quinta flattens a banana plantation in Dayap, Pola, Oriental Mindoro when it made its...

The Duterte administration has so far borrowed close to $10 billion to fund the national government’s coronavirus response, the Department of Finance (DOF) said. In a statement, Finance Secretary Carlos G. Dominguez III said the national government’s financing support for COVID-19 from...