Iloilo 1st district Rep. Janette Garin (PPAB) Citing a "lack of accountability", House Deputy Majority Leader Iloilo 1st district Rep. Janette Garin has expressed serious concerns over the government’s handling of Covid-19 loans during the...
Debt payments by the Philippine government breached the P1 trillion threshold in the first four-months of the year due to higher interest settlements. Data from the Bureau of the Treasury showed that the national government's debt servicing reached P1.15 trillion in January to April, or 32 percent...
The depreciation of the peso has not only driven up prices for imported goods for Filipino consumers but has also contributed to the substantial increase in the government's debt burden. According to the Bureau of the Treasury, the peso's “considerable” weakening, reaching a low point not seen...
The government's debt hit a record P15 trillion in April this year, driven by borrowings and the peso's weakening against the US dollar. Data released by the Bureau of the Treasury showed that the national government's outstanding debt surged by eight percent to P15.017 trillion as of April from...
The Bureau of the Treasury reported a decrease in borrowing by the Marcos administration from both domestic and foreign lenders in April this year. The total gross financing for the national government last month amounted to P89.2 billion, a 31 percent decrease compared to P129.9 billion in April...
WASHINGTON — For Mike Johnson it was effectively a Day 1 priority. It's well past time, the newly elected House speaker said in October, to establish a bipartisan commission to tackle the federal government's growing $34.6 trillion in debt. "The consequences if we don't act now are...
The national government's debt dipped below the P15 trillion mark in March this year, driven by repayments to domestic creditors, the Bureau of the Treasury reported. According to the Treasury's report on Thursday, May 2, the national government’s outstanding debt decreased by 1.6 percent in...
The Marcos administration's borrowing decreased in the first quarter of this year due to reduced funding from international creditors, data from the Bureau of the Treasury showed. Gross borrowings of the national government totaled P830.4 billion from January to March 2024, a 12 percent decline...
Debt payments made by the government decreased in February due to lower principal payments made to domestic creditors, data from the Bureau of the Treasury showed. The national government's debt servicing reached P293.61 billion last February, 22 percent lower than the P375.71 billion paid out in...
The Bureau of the Treasury reported that the Marcos administration significantly increased its borrowing in February this year, primarily from the domestic market. In the second month of 2024, the national government's gross borrowings totaled P419.97 billion, higher by 22 percent compared to...
The government’s revenue collections will be impacted by the downward revision of the gross domestic product (GDP) but should be offset by improvement in their tax administration, according to National Economic and Development Authority (NEDA) Secretary Arsenio M. Balisacan. During a Malacañang...
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...
