The national government’s borrowing breached the P1-trillion mark in the first-quarter of the year as the Duterte administration takes advantage of low interest rates in bridging the wider gap between its expenditures and revenues. Data from the Bureau of the Treasury showed that gross borrowings...
The national government’s budget deficit more than doubled last month amid lower revenues and higher spending, data from the Bureau of the Treasury showed. The government incurred a fiscal gap of P191.4 billion in March, higher by 167 percent compared with P71.6 billion in the same month last...
Less a month since its return to Japan’s debt market, the Duterte administration announced its second foreign commercial borrowing for the year through a euro-denominated bond sale. In a notice released by the Bureau of the Treasury on Monday, April 19, the government said the Philippines...
The Bureau of the Treasury fully awarded P25 billion as rates for three-and six-month IOUs rose, while one-year yield slightly dropped. The benchmark 91-day Treasury bills fetched an average rate of 1.325 percent, up from 1.295 percent last week, while the 182-day T-bills averaged at 1.695 percent,...
The Bureau of the Treasury raised P35 billion through the sale of its newly-issued bonds at an auction on Tuesday, April 6. The coupon rate for the five-year Treasury bonds settled at 3.375 percent. The bureau said this rate is in line with the coupon-setting convention and below prevailing...
The Bureau of the Treasury received mixed results at Monday’s (April 5) auction, but allowed the government to raise P25 billion as planned. Interest rates for three-month treasury bills increased to 1.295 percent from 1.269 percent in the previous week, while the six-month notes...
The Bureau of the Treasury (BTr) has covered trillions worth of non-financial government assets such as roads, school buildings and power plants for inclusion in the National Asset Registry System (NARS), the Department of Finance (DOF) said. National Treasurer Rosalia de Leon said the...
The Duterte administration has successfully returned to the Japanese debt market, raising about P24.2 billion to fund the government’s coronavirus response and support the country’s economic recovery plan. The Bureau of the Treasury announced on Tuesday, March 30, that the national...
Short-term interest rates dropped at Monday’s (March 29) auction, as investors flocked to safe haven assets, the Bureau of the Treasury said. Yields for three- and six-months as well as one-year IOUs declined that allowed the government to raise P20 billion as planned. The 91-day Treasury bills...
About P94,589 is every living Filipino’s share of the national government debt as of February, that is P20,000 more. The Bureau of the Treasury reported on Monday, March 29, that the outstanding debt stock of the national government now stood at P10.405 trillion in February, or additional P2.24...
The Bureau of the Treasury decided to fully award the reissued 10-year bonds at Tuesday’s (March 23) auction, with a remaining term of nine-years and three-months, the reissued debt papers fetched an average rate of 4.614 percent. Total submitted bids amounted to P53.9 billion, nearly twice the...
Rates for short-dated debt instruments rose anew at Monday’s (March 22) auction, due to lingering concerns on higher inflation. The national government accepted the bids for the 91-day Treasury bills (T-bills) at 1.336 percent, higher compared with 1.232 percent last week. Yield for the 182-day...
