The national government increased its debt service by almost a quarter last year as payments for interest and amortization soared. Data from the Bureau of the Treasury showed that the Marcos administration’s debt payments reached P1.6 trillion from January to December 2023, higher 24 percent than...
President Marcos directed relevant government agencies to provide assistance to the families of the Filipino seafarers who survived and died in the Houthi Attack off Yemen. Photos: Malacañang & United States Central Command Marcos said this after the Department of Migrant Workers (DMW)...
Government Service Insurance System (GSIS) members and pensioners affected by the recent African Swine Fever (AFS) in Oriental Mindoro can now avail of an emergency loan. In a statement on Friday, March 8, GSIS said that the pension fund opened its emergency loan window valued at P428 million,...
Mayor Emi Calixto-Rubiano (Photo courtesy of Pasay PIO) Pasay City Mayor Emi Calixto-Rubiano lauded the Pasay Bureau of Fire and Protection (BFP) personnel for their hard work in saving lives and properties during fire incidents. “Let us continue exhibiting passion in doing your job,...
The Bureau of the Treasury borrowed P15 billion from the local debt market through its successful auction of Treasury bills (T-bills) on Monday, March 4. Averages rates continued to move up during the auction, with all the tenors fetching slightly higher rates. Robust investor demand also marked...
President Marcos took out slightly more loans last year to finance the government's operations and projects. Based on the Bureau of the Treasury's data, the national government's gross borrowings increased by 1.4 percent to P2.193 trillion between January and December 2023 from P2.163 trillion in...
The national government's debt is edging closer to the P15 trillion mark, fueled by increased borrowing to cover the budget deficit, data from the Bureau of the Treasury showed. In January 2024, the government's total debt rose by eight percent to P14.79 trillion from P13.698 trillion in the same...
House Speaker Martin Romualdez speaking during the general assembly of the League of Municipalities of the Philippines (Speaker’s Office) Following the directive of President Marcos, Speaker Martin Romualdez has assured top local government unit (LGU)...
The national government fell short anew in making a full award of the short-term debt papers following the record-high P585 billion retail treasury bond issuance. The Bureau of the Treasury during an auction on Monday, February 26, partially borrowed P14.8 billion through the sale of Treasury bills...
The Department of Finance (DOF) said the Marcos administration is on track to meet its borrowing requirements for the year, which will provide the necessary funding for government programs and projects. With a total financing goal of P2.46 trillion for 2024, the government plans to secure 75...
Parañaque Mayor Eric Oliuvarez, Cong. Edwin Olivarez and the officials of Eco Ikot Center Replication project (Photo courtesy of Parañaque PIO) The Eco Ikot Center Replication (EICR) project was launched in Parañaque to raise residents' awareness on proper waste identification...
Local government units (LGUs) may send workers to other countries under the sisterhood agreements with foreign counterparts like those forged with several cities in South Korea, the Department of Justice (DOJ) said. However, in a legal opinion, the DOJ stressed: " While LGUs may be the primary...
