Higher interest and principal payments drove the national government’s (NG) total debt payments in the first month of 2026, which surged by 29.3 percent to ₱137.7 billion from ₱106.5 billion in January last year Data from the Bureau of the Treasury (BTr) indicate that this double-digit...
Below-target borrowings could persist due to war-shocked yields, a strategy the Marcos Jr. administration appears to have applied as it enters the second quarter of 2026, with planned domestic borrowings dropping from ₱824 billion in the first quarter to ₱784 billion. In a March 23 memorandum...
Rising bond yields, fueled by global uncertainty and the ongoing conflict in the Middle East, are making it increasingly difficult for the national government (NG) to raise funds, forcing it to reject or scale back debt offers in recent weeks since the war began. During the treasury bonds (T-bonds)...
The national government’s total outstanding debt climbed to a record ₱17.65 trillion at end-November, exceeding internal projections and signaling continued fiscal pressure as President Marcos ramps up borrowing to fund his budget. On Wednesday, Jan. 7, the Bureau of the Treasury announced that...
The national government’s new debt pile grew to ₱2.48 trillion as of the end of October, despite a reduction in foreign borrowings, a figure at risk of expanding further due to the recent weakening of the peso. Data from the Bureau of the Treasury (BTr) showed that the government’s total...
Investors are still flocking to government debt securities despite the stock market’s recent slump, owing to the deepening probe into the flood control cases, signaling a robust local bond market. National Treasurer Sharon P. Almanza said the ongoing flood control mess has yet to make an impact...
Recurring payments from the sale of Nonoc Mining and Industrial Corp.’s assets injected more than half a billion pesos into the national coffers, pushing the government’s privatization income above ₱6 billion in the first 10 months of the year. The Nonoc Mining revenues are a “recurring...
Sluggish government expenditure, constrained by ongoing probes into public works, helped contain the 10-month budget deficit but raised concerns over the effective delivery of key economic stimulus programs. The Bureau of the Treasury reported on Wednesday, Nov. 25, that the Marcos...
A steady reliance on local lenders is driving the government’s debt, with overall borrowings growing 4.1 percent to ₱2.4 trillion in the first nine months of the year, bringing it just ₱200 billion shy of the revised ₱2.6 trillion ceiling. The Bureau of the Treasury (BTr) data showed the...
The Marcos government successfully raised ₱35 billion as planned through the sale of two government bonds, with mixed investor demand as risks tied to longer-dated securities dampened appetite while the shorter-tenored paper drew stronger interest. During the sale of the seven-year Treasury bonds...
Government subsidies to state-run firms shrank to ₱70.3 billion in the first eight months of the year, compared to ₱87 billion in the same period last year, as the Marcos administration scaled back funding for major non-financial and financial government-owned and controlled corporations...
While there was subdued demand for longer-term debt securities owing to inflation worries, the Marcos government still managed to raise ₱35 billion as planned through the sale of two government bonds. During the sale of the 10-year Treasury bonds (T-bonds) on Tuesday, Oct. 7, the Bureau of the...
