The amount of subsidy the Duterte administration extended to government owned and controlled corporations (GOCCs) was slashed by half in the first semester, but bulk of it went to National Irrigation Administration (NIA). Data from the Bureau of the Treasury showed that financial support extended...
Former President Duterte borrowed P6.843 trillion in total during his six years in Malacañang, driven mainly by his administration’s borrowing spree at the height of the pandemic, data from the Bureau of the Treasury showed. From a government debt of P5.948 trillion when former President Duterte...
The national government borrowed more than expected after interest rate for long-term Philippine debt papers declined. At a Bureau of the Treasury auction on Tuesday, Aug. 2, the coupon rate for the 3.5-year Treasury bond fetched at 5.250 percent, below the secondary market rate of 5.489 percent....
Philippine benchmark interest rates for six-month and one-year loans rose, while the yield for three-month papers dropped. On Monday, Aug. 1, auction of bellwether 91-day Treasury bill rate, which banks use in pricing their loans, dropped to 2.090 percent from 2.273 percent previously. The Bureau...
Former President Duterte borrowed P1 trillion in his final six months in Malacañang. Data from the Bureau of the Treasury showed that the national government’s net borrowings hit P1.021 trillion from January to June this year. This amount, however, was 40 percent lower compared with P1.719...
Benchmark interest rate for long-term debt papers declined allowing the national government to raise its borrowing program and take advantage of the favorable yield. At the Bureau of the Treasury auction on Tuesday, July 26, the yield for the reissued 25-year Treasury bond, with a remaining life of...
The Duterte administration closed the books with a lower than expected budget deficit in the first semester, driven mainly by higher revenue collection by the Bureau of the Customs (BOC) from expensive fuel imports. The Bureau of the Treasury reported on Tuesday, July 26, that the national...
Benchmark interest rates for short-term debt papers posted mixed results as investors await President Marcos’ first state of the nation address (SONA). At Monday's auction of Treasury bills on July 25, the bellwether 91-day Treasury bill rate, which banks use in pricing their loans, dropped to...
Lingering concerns over higher inflation and aggressive tightening by the Bangko Sentral ng Pilipinas (BSP) failed to push up the interest rate for long-term government debt papers. At the Bureau of the Treasury auction on Tuesday, July 19, the yield for the reissued 10-year Treasury bond, with a...
Philippine benchmark interest rates for short-term loans jacked up following the Bangko Sentral ng Pilipinas’ (BSP) surprise off-cycle move last week, along with expectations that the central bank could deliver more aggressive tightening. At Monday's auction...
The national government borrowed lower than programmed after Philippine benchmark interest rates for short-term loans rose on looming aggressive tightening. At Monday's auction of Treasury bills on July 11, the government sold only P13.16 billion worth of short-term IOUs, below the P15 billion...
The Department of the Interior and Local Government (DILG) said on Tuesday, July 5, that the unused Covid-19 funds that were flagged by the Commission on Audit (COA) were already turned over to the national treasury. “Aside from the contact tracers being given by the DILG out of our...
