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...
The Marcos administration’s privatization income was cut by more than half at end-September, failing to meet targets despite the ₱820 million contribution from the Presidential Commission on Good Government (PCGG). Data from the Bureau of the Treasury (BTr) showed that revenues from the...
Despite the nearly two percent hike in foreign borrowings, the national government’s outstanding debt fell to ₱17.455 trillion in September, though officials warned that further reductions will depend heavily on the peso’s strength against the United States (US) dollar. National Treasurer...
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...
The Marcos administration has successfully borrowed ₱22 billion through the sale of short-dated Treasury bills (T-bills) at slightly lower costs, backed by relatively stable demand driven by the continued effect of the latest key policy rate easing. During the latest T-bills auction on Monday,...
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...
The national government’s debt settlements reached ₱1.54 trillion in the first eight months of the year, a slight decline from ₱1.55 trillion a year ago, even though August saw an almost 400 percent jump in required payments. Data from the Bureau of the Treasury (BTr) showed that the 0.7...
