Reversing its record high of ₱17.56 trillion in July, the national government’s outstanding debt shrank to ₱17.47 trillion in August, due to settlement of over half a trillion pesos in local bonds and stronger peso. Given this development, Finance Secretary Ralph G. Recto and National...
Both foreign and domestic borrowings of the national government swelled by double digits in the first eight months of the year, leading to a 17.2 percent increase in the Marcos administration’s gross debt to ₱2.27 trillion as of end-August. Data from the Bureau of the Treasury (BTr) showed that...
Marking the lowest amount in 2025, the national government’s planned borrowings for the final three months of the year stand at ₱437 billion, a reduction of ₱253 billion from ₱690 billion in the third quarter. Signed by National Treasurer Sharon Almanza, the Bureau of the Treasury (BTr)...
Due to faster increase in spending than earnings, the national government’s fiscal deficit widened by 24.7 percent to ₱869.2 billion in the first eight months of the year from ₱697 billion in the same period last year. Still, the year-to-date fiscal deficit remains manageable, clocking in...
The Marcos government borrowed only ₱27 billion of its planned ₱35 billion through the sale of two government bonds, as demand was weaker for both the three-year and 20-year bonds, while borrowing costs remained high for the latter. During the sale of reissued 20-year Treasury bonds (T-bonds)...
The Bureau of the Treasury expects that the Philippines’ potential inclusion in JPMorgan Chase & Co.’s emerging market government bond index will attract billions in new foreign investment, further integrating the country into global financial markets. National Treasurer Sharon P. Almanza told...
Domestic investors snapped up the government’s short-term debt papers this week, allowing the Marcos administration to raise an additional ₱25 billion at lower borrowing costs, as investors locked in yields ahead of further rate cuts. During the latest Treasury bills (T-bills) auction on Sept....
Nearly half a trillion pesos in total payments were slashed during the first seven months of 2025, with domestic lenders receiving nearly ₱600 billion less in principal payments compared to what they had received from the Marcos administration in 2024. Data from the Bureau of the Treasury (BTr)...
Just past midyear, the national government’s outstanding debt hit a fresh high of ₱17.56 trillion, surpassing the economic managers’ projected year-end level of ₱17.36 trillion. The latest data from the Bureau of the Treasury (BTr) released on Wednesday night, Sept. 3, showed that the...
The Marcos administration’s gross borrowings declined slightly to ₱1.757 trillion in the first seven months of the year, driven by a drop in domestic loans despite a more than 50 percent increase in foreign debt. Data from the Bureau of the Treasury (BTr) showed that the government’s debt as...
The national government’s fiscal deficit widened to ₱784.4 billion in the first seven months of the year, a 22 percent jump compared with ₱642.8 billion in the same period last year, even as the budget gap narrowed in July alone. Still, the year-to-date fiscal deficit remains “well within...
Japan-based debt watcher R&I’s fresh affirmation of the Philippines’ high investment-grade ‘A-’ credit rating has allowed the Marcos administration to raise a cumulative ₱35 billion through bond sales at lower borrowing costs. During the auction of three-year and 25-year Treasury bonds...
