The Bureau of the Treasury reported that the national government has spent over three times on debt payments in the first month of the year due to significant amortization obligations. In January 2024, the government's debt servicing expenses totaled P158.9 billion, a substantial 232 percent...
The Philippines’ total external debt (EDT) rose by $14.1 billion or by 12.7 percent to $125.4 billion in 2023 from the end-2022 level of $111.3 billion, driven by net availments of $9.2 billion, bulk of which were net borrowings by the national government. The Bangko Sentral ng...
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...
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...
Filipino families tend to be more cautious and conservative in their approach to debt when compared to their neighbors in Southeast Asia. With a debt ratio of only 12.6 percent, Philippine households recorded the lowest debt burden compared to those in Indonesia, Vietnam, Singapore, Malaysia, and...
The news of the country's debt nearing P15 trillion is undoubtedly alarming. It raises the question of why the government continues to borrow extensively, despite its significant indebtedness. While many Filipinos tend to avoid borrowing, viewing debt as inherently negative and a sign of poor...
The Marcos administration amassed a total of P1.2 trillion in new debt during its first full-year in Malacañang. Data from the Bureau of the Treasury showed that the national government concluded 2023 with a total outstanding debt of P14.616 trillion, nine percent or P1.197 trillion higher...
Finance Secretary Ralph G. Recto has dismissed worries about the country's ballooning debt stock, affirming the government's capability to meet all maturing financial obligations. Recto said that the current total government debt, which amounted to P14.51 trillion as of November last year,...
Finance Secretary Ralph G. Recto has urged Congress to work with the Department of Finance (DOF) to quickly pass key reforms necessary to lower the government’ budget deficit and debt levels. Recto, who served as a legislator in both the upper and lower houses, said that the DOF is currently...
As the new year approaches, the Bureau of the Treasury reported that the national government's debt remained below the full-year target set by the Marcos administration for 2023. At end-November last year, the national government's outstanding debt stood at P14.509 trillion, still P114 billion...
