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...
The national government borrowed less than expected after interest rate for long-term Philippine debt papers rose. At the Bureau of the Treasury auction on Tuesday, June 14, the yield for the seven-year Treasury bond with a remaining life of six-year and 11-months settled at 6.740 percent. The...
Philippine benchmark interest rates for short-term loans rose amid expectations of higher inflation. At Monday's auction of Treasury bills on June 13, the bellwether 91-day T-bill rate, which banks use in pricing their loans, increased to 1.572 percent from 1.440 percent previously. The Bureau of...
Investors swarmed short-term government debt papers offer on Monday, June 6, as the Bureau of the Treasury partially awarded the one-year IOU at a higher interest rate. The yield on the 91-day Treasury bill, which banks use in pricing their loans, declined to 1.440 percent from 1.460 percent a week...
As the pandemic begins to slowdown and the economy further reopens, the national government’s borrowing requirement was significantly reduced in April mainly due to less financing coming from overseas lenders. Data from the Bureau of the Treasury on Sunday, June 5, showed that the government...
As the country’s debt stock continued to rise in April, Malacañang said Thursday that reducing the Philippine debt remains the government's priority. In fact, Communications Secretary Martin Andanar said, the Duterte administration’s economic team already “proposed a fiscal consolidation and...
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...
