The government’s outstanding debt surged to a fresh record high of ₱18.49 trillion at the end of March as weakening peso inflated the cost of foreign obligations and local borrowing continued, according to the Bureau of the Treasury data. The debt stock increased by ₱328.4 billion, or 1.8...
The Marcos Jr. administration fell short of its planned ₱31-billion borrowing on Monday, May 4, as demand dropped significantly for short-dated debt papers amid rising interest rates following the Bangko Sentral ng Pilipinas (BSP) policy hike. The Bureau of the Treasury (BTr) raised only ₱28.1...
The Marcos administration’s gross borrowings surged past the ₱1 trillion threshold in the first quarter as the government aggressively front-loaded its financing requirements to get ahead of rising market volatility. According to the latest data from the Bureau of the Treasury, President...
Rising uncertainties fueled by the United States-Iran conflict dampened lender demand on Tuesday, April 28, causing the Marcos administration to fall short of its ₱40 billion borrowing target for short-dated government securities. The Bureau of the Treasury raised only ₱25 billion, leaving a...
The Marcos Jr. administration still exceeded its planned ₱30-billion borrowing on Monday, April 27,, even as demand softened for short-dated debt papers amid expectations of higher borrowing costs following the benchmark rate increase to 4.5 percent last week. The Bureau of the Treasury (BTr)...
The national government’s debt service payments surged more than eightfold in February as the massive spike in domestic principal repayments outweighed the marginal rise in interest costs Based on the latest data from the Bureau of the Treasury, total government debt obligations settled during...
The International Monetary Fund (IMF) urged the Philippines to exercise fiscal discipline and prioritize targeted spending as the country’s debt ratio is projected to breach a critical threshold this year amid volatile global energy markets. The Washington-based lender expects the general...
Delays in implementing major tax measures have proven to be a friction in the Philippines’ target of raising higher revenues in recent years, a fiscal condition further worsened by the persistent increase in national government (NG) debt. According to Singapore-based ASEAN+3 Macroeconomic...
The government exceeded its short-term borrowing target on Monday, April 13, as investors swarmed the primary market, driving down yields across all maturities and ending a month-long streak of underwhelming auctions. The Bureau of the Treasury raised ₱32.1 billion in three-month, six-month, and...
Scaling back from foreign debt was more pronounced in February, but the Marcos Jr. administration’s aggressive borrowing from domestic lenders drove the surge in government gross borrowings in the first two months of the year. According to the latest Bureau of the Treasury (BTr) data, the...
The Marcos administration scaled back its planned borrowing on Tuesday, April 7, as domestic investors showed cooling appetite for longer-dated debt, signaling caution amid shifting global risks. The Bureau of the Treasury raised ₱40 billion through a dual-tranche bond auction, falling short of...
Demand for government securities (GS) improved at the start of the second quarter, but the Marcos Jr. administration still struggled to raise its planned ₱27 billion in short-term debt papers, as overall interest costs remained elevated amid anticipation of a policy hike in April. During the...
