The national government’s budget deficit decelerated last month owing to the substantial reduction in spending for coronavirus response compared with last year, data from the Bureau of the Treasury showed. The Duterte administration incurred a P44.4 billion fiscal gap in April, down by 84 percent...
The Duterte Administration has raised P463.3 billion from the latest offering of retail bonds targeted at local small investors, the Bureau of the Treasury announced on Thursday, March 4. National Treasurer Rosalia de Leon said that P411.8 billion of the total proceeds will be used for the...
Government borrowings jumped fourfold last month following the issuance of retail bonds aimed at small investors although foreign borrowings decreased significantly, data from the Bureau of the Treasury showed. According to the data, gross financing of the Duterte administration increased by 314...
The Duterte administration’s budget deficit breached the P1 trillion mark in November due to higher spending and lower revenues amid the coronavirus-induced economic recession, data from the Bureau of the Treasury revealed. The national government incurred a P1.069 trillion fiscal gap in January...
Government debt stock breached the P10 trillion mark in October amid unprecedented borrowings for the coronavirus response, data from the Bureau of the Treasury showed. Total outstanding debt of the national government stood at P10.028 trillion as of October this year, up by 26.8 percent compared...
The Duterte administration has tapped anew the overseas debt markets to bridge the government’s wider budget deficit and cushion the impact of the COVID-19 pandemic, the Bureau of the Treasury announced. The national government is offering to overseas investors its 10.5-year and 25-year...
The Department of Finance (DOF) ordered the Department of Trade and Industry (DTI) to return to the government coffers the P32.6 billion sitting idle in the state-owned Philippine International Trading Corp. (PITC). In a statement, Finance Secretary Carlos G. Dominguez III said he has...
The National Government (NG) incurred an outstanding total debt of P9.369 trillion as of end-September, more than 18.5 percent or P1.46 trillion from same period last year of P7.907 trillion, according to data from the Bureau of the Treasury (BTr). Compared to end-August, the NG debt was down...
Government borrowings skyrocketed last month as the coronavirus pandemic continued to strangle revenue sources, data from the Bureau of the Treasury showed. (Photographer:Julian Abram Wainwright/Bloomberg file) Gross borrowings of the Duterte...
After 9 months to Sept. The national government’s budget deficit slid in September this year as both revenues and spending contracted during the month, data from the Bureau of the Treasury showed. The Duterte administration incurred a P138.5 billion fiscal gap last month, down by 22 percent...
The Bureau of the Treasury is planning to borrow P140 billion from the domestic market in October this year. According to an online advisory posted today, the Treasury indicated that the national government will sell P80 billion worth of Treasury bills (T-bills) and P60 billion in Treasury bonds...
The Bureau of the Treasury (BTr) fully awarded yesterday bids for treasury bills yesterday's auction. The three- and six-month notes and one-year papers fetched average rates of 1.121 percent, 1.601 percent and 1.858 percent, respectively. The auction was more than three-times oversubscribed...
