The national government spent more in July, partly due to an increased share from the national tax allotment (NTA) to the local government units (LGUs), the Bureau of the Treasury reported. State spending went up by 5.8 percent to P486.2 billion during the month from P459.5 billion a year earlier....
Short-term benchmark rates moved sideways at the Bureau of the Treasury’s auction on Monday, Aug. 19, following the central bank’s reduction of policy rates by 25 basis points. The national government raised P22.6 billion through the sale of Treasury bills (T-bills), exceeding the initial offer...
(MANILA BULLETIN) Bagong Henerasyon (BH) Party-list Rep. Bernadette Herrera is calling for greater transparency and timely reporting on the management of earmarked revenues for the proposed national budget for 2025. This, as Herrera raised the alarm on the...
The government successfully raised funds through the sale of short-term debt papers on higher interest rates following a faster inflation rate in July and higher-than-expected gross domestic product (GDP) in the second quarter. At an auction on Aug. 12, the national government raised P20 billion as...
The debt paid by the national government has already amounted to around P1.28 trillion in the first six months of this year, data from the Bureau of the Treasury (BTr) showed. Latest data from the Treasury showed that the Marcos administration paid a total of P1.283 trillion from January to June...
The Philippines recorded a slight increase in its budget deficit to 4.9 percent of the gross domestic product (GDP) driven by the widening gap between government spending and revenue collection. Data from the Bureau of the Treasury revealed that the six-month budget deficit as a percentage of GDP...
Investors pressed for an increase in Philippine benchmark interest rates for most short-term loans a day before the release of inflation data, which is expected to pick up due to the effects of Typhoon Carina. At the Treasury Bureau’s auction on Monday, Aug. 5, the national government...
The Marcos administration ramped up its domestic borrowing, causing a substantial increase in the government's overall financing in the first half of the year compared to the previous year. Data released by the Bureau of the Treasury showed that the national government's gross borrowings totaled...
The national government is planning to issue $500 million of Japanese yen-denominated bonds, as well as US dollar and euro-denominated bonds this year, to raise an additional $3 billion for its 2024 borrowing program. Finance Secretary Ralph Recto said the government will begin issuing the bonds in...
Government debt reached P15.48 trillion in June this year due to continued borrowing and the peso's depreciation against the US dollar, data from the Bureau of the Treasury showed. The national government's outstanding debt increased by seven percent in June from P14.52 trillion in the same month...
Yields on short-term debts rose again following the damages caused by Typhoon Carina, which could lead to an inflation uptick. During an auction on Monday, July 29, the Bureau of the Treasury raised the full-programmed P20 billion. The total bids received during the auction amounted to P36 billion...
The Marcos administration increased its financial backing for the National Irrigation Administration (NIA) while scaling back support for the Philippine Health Insurance Corp. (PhilHealth) in the first half of the year. Data from the Bureau of the Treasury revealed that the national government...
