The national government’s debt stock continued to rise in April this year, driven mainly by additional borrowings from both local and foreign creditors as well as the weakening peso against the US dollar, the Bureau of the Treasury reported. As of April 2022, the government’s total outstanding...
Philippine benchmark interest rates for short-term loans dipped with strong demand from domestic investors. At Monday's auction of Treasury bills on May 30, the bellwether 91-day Treasury bill rate, which banks use in pricing their loans, fell to 1.460 percent from 1.675 percent last week. The...
The Duterte administration posted a P4.9 billion budget surplus in April—first time in nearly two years—on the back of strong revenue haul and dividends from state-owned companies amid a slowdown in government spending, the Bureau of the Treasury reported Friday, May 27. The month of April has...
The national government increases by 25 percent its borrowing plan for June as the debt market braces for more interest rate hikes by the Bangko Sentral ng Pilipinas (BSP) this year. According to an online advisory released on Thursday, May 26, the Bureau of the Treasury indicated that the national...
Investors continued to press for an increase in Philippine benchmark interest rates for short-term loans. At Monday’s auction, May 23, the yield on the 91-day Treasury bill, which banks use in pricing their loans, rose to 1.675 percent from 1.531 percent when same instrument was sold two-weeks...
The looming increase in the Bangko Sentral ng Pilipinas’ (BSP) policy rates caused the Philippines' benchmark borrowings yields to rise, prompting the Bureau of the Treasury to reject all tenders. At the Treasury bureau’s auction on Monday, May 16, the national government failed to raise P15...
Debt payments by the national government declined significantly in the first-quarter due to lower amortization, data from the Bureau of the Treasury showed. The national government's debt servicing reached P313.65 billion in January to March, or 40 percent lower than the P521.51 billion paid out in...
The government debt as a proportion of the country’s economy inched up further in the first-quarter, supporting views that the administration of presumptive president Ferdinand R. Marcos Jr. will face a serious debt problem. The outstanding liabilities of the national government reached P12.679...
Benchmark interest rates rose across the board at Monday's auction of short-term government debt papers on the back of higher consumer prices. The yield on the 91-day Treasury bill, which banks use in pricing their loans, moved up to 1.531 percent from 1.272 percent a week ago. The government...
The national government has borrowed less in the first three months of the year as sources of state revenue start to normalize on the back of easing quarantine restrictions, data from the Bureau of the Treasury showed. The Treasury reported over the weekend that the Duterte administration’s total...
Government debt load in March soared by more than half a trillion pesos in the month of March alone on the back of borrowing spree from domestic and foreign lenders, data from the Bureau of the Treasury revealed. The gargantuan borrowing in March brought the national government debt stock to...
The benchmark interest rate on debt falling due in three years rose at an auction of government IOUs at the Bureau of the Treasury. Investors were willing to buy as much as P41.492 billion of the three-year Treasury bonds, more than the government's offer of P35 billion. The rate of the IOUs rose...
