In order to meet the Marcos administration’s spending requirements, the national government had to borrow over P1.4 trillion in the first half of the year due to a lack of sufficient funds. Based on the Bureau of the Treasury report, gross borrowing of the Marcos administration amounted to P1.423...
National Treasurer Rosalia de Leon assured the public that the government had adequate safety nets to ensure the Maharlika Investment Fund (MIF) would be transparent and not mismanaged. *Bureau of the Treasury (file photo)* Citing De Leon's interview with the media, the Presidential...
The Civil Service Commission (CSC) announced on Thursday, June 8, that the list of testing centers and school assignments in relation to the conduct of the Basic Competency on Local Treasury Examination (BCLTE) set on June 11 can now be accessed online. CSC said in a statement that it...
The Philippine Charity Sweepstakes Office (PCSO) turned over P2.6 billion worth of funds to the Bureau of Treasury (BTr) in accordance with its mandate as the major charitable arm of the country. PCSO General Manager Mel Robles turns over a check worth P2,665,701,213.78 to BTr Deputy Treasurer...
Benchmark yields for short-term loans rose anew forcing the Bureau of the Treasury to partially borrow. At Monday's auction of Treasury bills on April 17, the national government raised a total of P9.175 billion, below the P15 billion program. Demand across then board reached P19.825 billion...
Debt servicing of the national government declined in the first month of the year due to lower amortization payments, data from the Bureau of the Treasury showed. The Marcos administration’s debt payments reached P47.83 billion in January 2023, down 78 percent from P215.84...
The Bureau of the Treasury borrowed partially despite the drop in benchmark yields for short-term loans. At Monday's auction of Treasury bills on April 3, the national government raised P12.8 billion, below the P15 billion plan for the week. The 91-day Treasury bill rate decreased to 5.045...
The national government’s budget deficit increased at a snail’s pace in February as public spending unchanged on the back of lower collections of the Bureau of Internal Revenue’s (BIR). Data from the Bureau of the Treasury showed Monday, April 3, that the national government’s fiscal deficit...
The Bureau of the Treasury lowered its domestic borrowing program for April amid a rising interest rate environment. Based on the Treasury advisory on Wednesday, March 29, the April financing plan of the Marcos administration is set at P160 billion, lower than this month’s program of P200...
The Marcos administration borrowed less from creditors in the first month of the year, data from the Bureau of the Treasury showed. Gross financing of the national government amounted to P366.86 billion in January, 16 percent lower compared with P439.13 billion in the same month last year, document...
Benchmark yields for short-term loans rose, forcing the Bureau of the Treasury to borrow less than programmed. At Monday's auction of Treasury bills on Mach. 20, the national government raised P10.636 billion, below the P15 billion plan for the week. The 91-day Treasury bill rate...
Debt servicing of the national government increased last year year due to higher interest payments, data from the Bureau of the Treasury showed. The Marcos administration’s debt payments reached P1.293 trillion from January to December 2022, up seven percent from P1.204 trillion paid out...
