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 Marcos administration intends to secure funding exceeding half a trillion pesos from the local market in second quarter to cover the government's budget shortfall. Based on the Bureau of the Treasury's borrowing plan, a total of P585 billion is projected to be sourced from the issuance of both...
The Bureau of the Treasury was successful in selling all its short-term debt papers, taking advantage of declining interest rates. During an auction on Monday, March 25, the national government raised P15 billion as planned via the treasury bills (T-bills) it auctioned off as total bids reached...
State-owned Philippine Amusement and Gaming Corp. (Pagcor) advanced its mandated cash dividend remittance to bolster the government's efforts in driving economic growth and development in the country. Alejandro H. Tengco, Pagcor chairman and chief executive officer, said that the gaming regulator...
The Bureau of the Treasury (BTr) has fully awarded all tenors during the Treasury bills (T-bills) auction on Monday with a total of P15 billion as demand for the government paper was seen to be weak. The total bids reached P47.250 billion, an oversubscription of more than three times the target...
The national government slashed the amount of subsidy it extended to government-owned and controlled corporations (GOCCs) to around 18 percent last year, but bulk of it went to the Philippine Health Insurance Corp. (Philhealth). Financial support extended to the state-owned companies plunged to...
The Marcos administration's budget surplus nearly doubled in the first month of the year due to strong revenues generated by the government's two main tax agencies. The Bureau of the Treasury reported that the national government posted a fiscal surplus of P88 billion last January, a significant...
The Civil Service Commission (CSC) said the application period for the Fire Officer Examination (FOE), Penology Officer Examination (POE), and Basic Competency on Local Treasury Examination (BCLTE) will run from March 4 to April 3. “We are pleased to announce the upcoming administration of the...
President Marcos has appointed Sharon P. Almanza as the new national treasurer following her tenure as the Officer-in-Charge of the Bureau of the Treasury, the Department of Finance (DOF) announced. National Treasurer Sharon P. Almanza In a statement on Monday, March 11, the DOF said that Almanza...
The Bureau of the Treasury successfully raised P15 billion from the auction of Treasury bills (T-bills) as yields declined after 11 consecutive weeks of increase. The national government on Monday, March 11, made a full award of all its short-term debt papers as demands totaled P50.708 billion,...
The government's share of the Philippine Amusement and Gaming Corp. (Pagcor) income remained below its pre-pandemic levels last year, data from the Bureau of the Treasury indicated. According to the Treasury report, the national government received P33.85 billion from Pagcor's income from January...
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...
