The national government's budget deficit was nearly halved in July owing to strong revenue collection, data from the Bureau of the Treasury showed. The fiscal deficit, which arises when government expenditures exceed revenues, amounted to P47.8 billion in July 2023, a 45 percent decrease compared...
The national government has decided to reduce its borrowing plan from domestic lenders next month. Based on the financing program released by the Bureau of the Treasury on Wednesday, Aug. 30, the national government has planned to borrow P180 billion from the local market in September. The latest...
The Department of Budget and Management (DBM) said the Advisory Body of the Maharlika Investment Corp. (MIC) will submit the names of nominees responsible for overseeing the country's sovereign wealth fund to Malacañang by mid-October. Budget Secretary Amenah F. Pangandaman told Manila Bulletin on...
The national government's debt payment in the first half of the year doubled after increasing its budget allocation for repaying loans that were nearing their maturity. Data from the Bureau of the Treasury revealed that from January to June 2023, debt servicing amounted to P907.9 billion, a 98...
How would you feel if the government were to borrow some of your hard-earned savings from the banks? Well, generally, banks do not take your feelings into consideration. In reality, they are allowed to utilize the savings of their depositors, which are sitting idle in their vaults, and invest them....
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...
