The unprecedented government borrowings to offset the impact of the pandemic-induced recession have driven public debt to nearly P11 trillion in April this year. Based on the Bureau of the Treasury report on Thursday, June 3, the national government’s debt burden zoomed 28 percent to P10.991...
The Duterte administration has raised its domestic borrowing program next month as the government plans to hold a weekly auction of long-term IOUs, data from the Bureau of the Treasury showed. According to an online advisory released on today, May 26, the Treasury indicated that the national...
The national government’s budget deficit decelerated last month owing to the substantial reduction in spending for coronavirus response compared with last year, data from the Bureau of the Treasury showed. The Duterte administration incurred a P44.4 billion fiscal gap in April, down by 84 percent...
Interest rates on Treasury bills rose across the board on Monday, (March 8), amid worries on accelerating inflation. But the Bureau of the Treasury made a full-award at an auction despite higher interest rates being sought by investors. The 91-day Treasury bills (T-bills) fetched an average...
The Duterte Administration has raised P463.3 billion from the latest offering of retail bonds targeted at local small investors, the Bureau of the Treasury announced on Thursday, March 4. National Treasurer Rosalia de Leon said that P411.8 billion of the total proceeds will be used for the...
The national government has borrowed P22 billion in the domestic market through the sale of short-term debt papers (treasury bills) at yesterday’s auction. Interest rates also further declined. The three-month yield settled at 0.977 percent, lower than the 0.987 percent in the...
Government borrowings jumped fourfold last month following the issuance of retail bonds aimed at small investors although foreign borrowings decreased significantly, data from the Bureau of the Treasury showed. According to the data, gross financing of the Duterte administration increased by 314...
The Duterte administration’s budget deficit breached the P1 trillion mark in November due to higher spending and lower revenues amid the coronavirus-induced economic recession, data from the Bureau of the Treasury revealed. The national government incurred a P1.069 trillion fiscal gap in January...
International Container Terminal Services, Inc. (ICTSI) raised P4.7 billion (US$97 million) from the sale of its treasury's 40 million common shares. The offering, which was well-received and oversubscribed by high quality foreign and local institutional investors, marked ICTSI’s first equity...
Government debt stock breached the P10 trillion mark in October amid unprecedented borrowings for the coronavirus response, data from the Bureau of the Treasury showed. Total outstanding debt of the national government stood at P10.028 trillion as of October this year, up by 26.8 percent compared...
The Duterte administration has tapped anew the overseas debt markets to bridge the government’s wider budget deficit and cushion the impact of the COVID-19 pandemic, the Bureau of the Treasury announced. The national government is offering to overseas investors its 10.5-year and 25-year...
The Department of Finance (DOF) ordered the Department of Trade and Industry (DTI) to return to the government coffers the P32.6 billion sitting idle in the state-owned Philippine International Trading Corp. (PITC). In a statement, Finance Secretary Carlos G. Dominguez III said he has...
