Government subsidies to state-run corporations more than doubled in the first five months of the year, driven by the court-mandated release of funds to the national health insurance program. According to the latest data from the Bureau of the Treasury, total financial support to government-owned...
The Marcos administration expects five more state-run companies to join the elite group of top-tier dividend contributors next year, accelerating its push to squeeze non-tax revenues from government entities to fund infrastructure without introducing new taxes. Finance Secretary Frederick D. Go...
Domestic principal payments continued to dominate the national government’s (NG) debt settlements through the first five months of 2026, raising total debt servicing by more than three-fifths to ₱1.15 trillion. The latest Bureau of the Treasury (BTr) data showed that the NG’s total debt...
The national government’s outstanding debt climbed to a fresh record of ₱18.55 trillion in the first five months of the year, driven by the aggressive domestic borrowing campaign that outpaced repayments and tested the country’s fiscal limits amid global market volatility. According to the...
After the borrowing overshoot in the first quarter, the Marcos administration continued stepping on the brakes in the months that followed until May, bringing gross debt to ₱1.24 trillion in the first five months of 2026, lower than the ₱1.33 trillion recorded in the same period last year....
The national government (NG) swung back to a budget deficit in May, with the fiscal gap widening from a year earlier as the sharp decline in non-tax revenue overshadowed solid tax gains and the modest increase in state spending. According to the latest cash operations report (COR) released by the...
The Marcos administration plans to aggressively ramp up domestic borrowing in the third quarter of the year, tapping local capital markets for a record volume as the government pivots toward short-term debt instruments amid volatile global borrowing conditions. The Bureau of the Treasury (BTr)...
Driven by robust investor demand, the national government has upsized its latest foreign currency-denominated bond offering from $2 billion to a final $2.5 billion, officially completing the country’s external borrowing program for 2026. The Bureau of the Treasury (BTr) announced on Tuesday, June...
Citing the need to finance the country’s ₱6.793 trillion national budget for fiscal year (FY) 2026, the Philippines has returned to the global debt markets with a triple-tranche offering of United States (US) dollar-denominated global bonds. In a statement issued on Tuesday, June 16, the Bureau...
To boost the national government’s response to the ongoing energy crisis, the state-run Maharlika Investment Corp. (MIC) has remitted ₱1.38 billion in cash dividends to the Bureau of the Treasury (BTr). This remittance represents 75 percent of the fiscal year (FY) 2025 net earnings of the...
Government subsidies to state-run firms surged by 151 percent to ₱93.1 billion as of end-April, driven by the massive, one-time fund release to the Philippine Health Insurance Corp. (PhilHealth). According to the latest data from the Bureau of the Treasury (BTr), total subsidies to...
Elevated borrowing costs, fueled by expectations of further monetary tightening this month, prevented the Marcos administration from raising its full target amount at the latest Treasury bill (T-bill) auction. During the auction on Monday, June 8, the Bureau of the Treasury (BTr) raised ₱56...
