The Marcos administration raised ₱28.4 billion from domestic investors in Monday’s sale of short-term debt, surpassing its target as demand remained firm, with investors attracted to the higher yields of Treasury bills (T-bills) compared to shorter offerings from the central bank. During the...
Despite some improvements in the national government’s debt payments in May, over half a trillion pesos was still slashed from total payments in the first five months of the year, resulting in a 42.4 percent decline by end-May. Data from the Bureau of the Treasury (BTr) showed that the Marcos...
The national government’s outstanding debt reached ₱16.92 trillion in May, setting a new record high as it neared the ₱17-trillion mark, from ₱16.75 trillion at end-April. According to the latest data reported by the Bureau of the Treasury (BTr), the one-percent, or ₱166.2-billion,...
Despite softer demand and higher costs, the Marcos administration successfully borrowed its planned ₱30 billion through the resale of long-term debt securities, following the tentative ceasefire in the Middle East and signals from the Bangko Sentral ng Pilipinas (BSP) of a potential rate cut by...
The national government’s planned borrowings for the third quarter of 2025 were reduced by ₱45 billion to ₱690 billion from ₱735 billion in the previous quarter, with a major downscaling in the sales of long-term debt securities. Signed by National Treasurer Sharon Almanza, two separate...
Due to the relatively lower borrowings from domestic lenders, the Marcos administration has reduced its gross borrowings to ₱1.33 trillion for the first five months of 2025, a decrease of ₱90 billion from last year’s ₱1.42 trillion. According to the Bureau of the Treasury (BTr), the...
The Marcos administration only borrowed ₱35.1 billion through long-term debt sales, falling short of its ₱40-billion target, as fiscal and debt concerns over the United States ' tax plan pushed up bond rates. At the auction on Wednesday, June 25, the Bureau of the Treasury (BTr) awarded...
The Marcos administration fell short of its borrowing target from short-term debt papers, as interest rates remained elevated despite the Bangko Sentral ng Pilipinas’ (BSP) recent rate cut and expectations of another, amid escalating tensions in the Middle East. The national government raised...
Peso-denominated bonds issued by the Philippine public and private sectors climbed at the start of the year, as both the government and private corporations increasingly tapped the domestic commercial debt market for their financing requirements. Data from the Asian Development Bank 's (ADB)...
The Marcos administration has borrowed below its planned ₱30 billion through the sale of long-term debt securities, as the Bureau of the Treasury (BTr) rejected bids seeking higher interest rates amid continued tensions between Israel and Iran. At the auction on Tuesday, June 17, the BTr awarded...
Despite weaker investor demand and marginally higher interest costs, the government continued exceeding its ₱25-billion borrowing target, raising ₱26.7 billion from short-term debt papers, as it took advantage of still relatively stable borrowing costs ahead of potential inflation pressures and...
Government subsidies to state-run firms decreased by 10.2 percent to ₱37.1 billion in the first four months of 2025, compared to ₱47.3 billion in the same period a year ago, as the Marcos administration scaled back funding for major non-financial and financial government-owned and controlled...
