The national government has raised ₱300 billion from its 10-year benchmark fixed-rate treasury notes (FXTNs), driven by strong investor confidence and the resilience of the domestic creditors and investors despite global economic uncertainties. The 10-year benchmark FXTNs were issued at a fixed...
The Bureau of the Treasury (BTr) borrowed ₱25 billion through short-dated T-bills on Monday, April 21, with a mixed auction in which shorter tenors commanded higher rates from local creditors. The BTr awarded to government securities eligible dealers (GSEDs) ₱8 billion each in the benchmark 91-...
The Marcos administration’s subsidies to government-owned and/or -controlled corporations (GOCCs) decreased substantially—by over 40 percent—in February from last year’s ₱12.7 billion. The latest data from the Bureau of the Treasury (BTr) showed that GOCCs received a total of ₱7.6...
The Marcos administration’s debt payments declined by over 80 percent in February as it suspended its multi-billion-peso principal payments to domestic creditors, offsetting the relatively negligible increase in interest payments. Data from the Bureau of the Treasury (BTr) showed that the...
Domestic creditors flocked to Monday’s treasury bills (T-bills) auction, snapping up government securities—considered safe havens—at yields that have changed little since United States (US) President Donald Trump announced a 17-percent reciprocal tariff on Philippine imports last week. At the...
The Marcos administration posted ₱339.6 billion in gross borrowings in February, nearly half of a year ago’s financing, but ₱126.5-billion higher than the gross debt in January. According to the Bureau of the Treasury (BTr), the February figure was nearly 49-percent lower than the ₱663.4...
The Marcos administration posted a ₱171.4-billion budget deficit in February 2025, as the government had spent more than it earned, according to the Bureau of the Treasury (BTr). February’s deficit reversed the over ₱68-billion seasonal surplus seen in the previous month. It was also higher...
The national government's debt soared to a new record high of ₱16.63 trillion at the end of the first two months of 2025, putting pressure on its capability to repay obligations. The latest Bureau of the Treasury (BTr) data released on Tuesday, April 1, showed that outstanding obligations as...
FOR MONDAY The Marcos administration's debt payments dropped in the first months of the year, primarily attributed to a substantial decline in principal payments, which offset the rise in interest expenses. Data from the Bureau of the Treasury (BTr) revealed that the Philippine government's total...
The Marcos administration plans to borrow ₱735 billion in the second quarter of 2025, a 17 percent increase over the first quarter's planned ₱629 billion, data from the Bureau of the Treasury (BTr) showed. From April to June, the government intends to borrow ₱325 billion in Treasury bills...
The Marcos administration increased its borrowings mainly from domestic sources at the start of 2025, such that total gross financing reached ₱213.1 billion in January. This posted a ₱9.9 billion or nearly five percent hike from the ₱203.2 billion recorded in January last year,...
The national government posted a ₱68.4 billion surplus in January 2025 as revenues outpaced spending, according to the Bureau of the Treasury (BTr). However, the January 2025 surplus was smaller than the ₱88 billion recorded in the same month in 2024. Last year, only January, April, and...
