The Bureau of the Treasury made another partial award of its long-term debt papers due to higher returns. At Tuesday’s auction on Oct. 4, the reissued Treasury bonds, with a remaining life of two years and six months, fetched an average interest rate of 5.746 percent, higher than the 5.551...
The Department of Finance (DOF) vowed to modernize the government’s main tax agencies following the swift approval of its proposed budget for next year. In a statement, Finance Secretary Benjamin E. Diokno said on Monday, Oct. 3, that the DOF is planning to spend P30.57 billion in 2023, higher by...
The national government failed to borrow through the sale of short-term notes from the domestic market after investors sought for higher returns. At Monday's auction of Treasury bills on Oct. 3, the bureau did not award bellwether the 91-day IOUs, which banks use in pricing their loans, after...
Government debt breached the P13 trillion-level in August. The Bureau of the Treasury reported on Friday, Sept. 30, that the total outstanding debt of the national government stood at P13.021 trillion as of August, an increase of 12 percent or P1.379 trillion from P11.642 trillion a year ago. Of...
The national government’s budget deficit significantly narrowed in August this year due to robust collections of its two main tax agencies, data from the Bureau of the Treasury showed. The Marcos administration incurred a P72 billion fiscal gap during the month, down 40 percent from P120.9...
The Bureau of the Treasury maintained its domestic borrowing program at P200 billion for next month. Based on the Treasury advisory Wednesday, Sept. 28, the October financing plan of the Marcos administration was unchanged from the program for September. The bureau indicated that it will sell P60...
Investors continued to ask for higher interest rates from the government, prompting the Bureau of the Treasury to reject offers for the three-month and one-year debt papers. At an auction of Treasury bills on Tuesday, Sept. 27, offers for the bellwether 91-day rate, which banks use in pricing their...
The benchmark interest rate on debt falling due in almost seven-years rose at an auction of the government IOUs at the Bureau of the Treasury on Tuesday, Sept. 20. The interest rate of the seven-year Treasury bonds, with a remaining life of six-years and eight months, fetched 6.588 percent. The...
Benchmark interest rates for short-term loans continued to climb prompting the Bureau of the Treasury to only borrow partially this week. The offered yield on the 91-day Treasury bill, which banks use in pricing their loans, was rejected by the Treasury bureau after it moved up to 3.912 percent...
The benchmark interest rate on debt falling due in 10-years declined at an auction of the government IOUs at the Bureau of the Treasury on Tuesday, Sept. 13. The coupon rate of the new 10-year Treasury bonds fetched at 6.75 percent, lower than the 7.75 percent when same instrument was sold in June...
Philippine benchmark interest rates for short-term loans rose prompting the Bureau of the Treasury to only borrow partially. On Monday, Sept. 12, auction of Treasury bills, the government rejected all bids for three-month IOUs. Likewise, the Treasury bureau failed to borrow through the sale of...
Debt payments by the national government went up in July due to higher amortization, data from the Bureau of the Treasury showed. The national government's debt servicing reached P156.2 billion in July this year, jumping by 158 percent compared with P60.54 billion paid out in the same month last...
