The government recorded a rise in revenue stemming from the operations of the Philippine Amusement and Gaming Corp. (Pagcor), surpassing the levels seen prior to the pandemic-induced lockdowns. Data from the Bureau of the Treasury indicated that the government's gaming regulator and operator...
Investors pressed for an increase in Philippine benchmark interest rates for short-term loans following the rise in inflation rate and hawkish signals from monetary officials. At the Treasury bureau’s auction on Monday, April 8, the national government successfully raised P15 billion through the...
The amount of subsidy the Marcos administration extended to government-owned and controlled corporations (GOCCs) was raised to 35 percent in February, as the bulk of it went to the National Irrigation Administration (NIA). Based on the Bureau of the Treasury data, financial support extended to...
The national government's debt surpassed the P15-trillion mark in February. According to the Bureau of the Treasury's report on Wednesday, April 3, government debt load soared by P388 billion in February alone on the back of borrowing spree from domestic lenders. The borrowing during the month...
The Marcos administration’s budget deficit expanded by half in February due to higher public spending and the slower growth in non-tax revenues, data from the Bureau of the Treasury showed. The national government's fiscal gap amounted to P164.7 billion last month, up 55 percent compared to the...
The government increased the size of its offering for one-year Treasury bills (T-bills) to P7 billion, raising a total of P17 billion at Monday's auction on April 1. The amount awarded was bigger than the initial P15 billion offering as the Bureau of the Treasury decided to accept the...
The Bureau of the Treasury reported that the national government has spent over three times on debt payments in the first month of the year due to significant amortization obligations. In January 2024, the government's debt servicing expenses totaled P158.9 billion, a substantial 232 percent...
The Marcos administration intends to secure funding exceeding half a trillion pesos from the local market in second quarter to cover the government's budget shortfall. Based on the Bureau of the Treasury's borrowing plan, a total of P585 billion is projected to be sourced from the issuance of both...
The Bureau of the Treasury was successful in selling all its short-term debt papers, taking advantage of declining interest rates. During an auction on Monday, March 25, the national government raised P15 billion as planned via the treasury bills (T-bills) it auctioned off as total bids reached...
State-owned Philippine Amusement and Gaming Corp. (Pagcor) advanced its mandated cash dividend remittance to bolster the government's efforts in driving economic growth and development in the country. Alejandro H. Tengco, Pagcor chairman and chief executive officer, said that the gaming regulator...
The national government slashed the amount of subsidy it extended to government-owned and controlled corporations (GOCCs) to around 18 percent last year, but bulk of it went to the Philippine Health Insurance Corp. (Philhealth). Financial support extended to the state-owned companies plunged to...
The Marcos administration's budget surplus nearly doubled in the first month of the year due to strong revenues generated by the government's two main tax agencies. The Bureau of the Treasury reported that the national government posted a fiscal surplus of P88 billion last January, a significant...
