The Bureau of the Treasury is planning to sell the Philippine government’s first retail dollar-denominated bond (RDB) targeted mainly at overseas Filipino investors. During a virtual briefing on Thursday, July 15, National Treasurer Rosalia V. de Leon said the government is firming up the details...
Malacañang is waiting for the report from line agencies to determine the amount of unspent funds under the Bayanihan to Recover as One Act (Bayanihan 2), which expired on June 30. Presidential spokesperson Harry Roque said the Bayanihan 2 funds were released to line agencies, but they were given...
The Philippines breached the P11 trillion debt level in May this year as loans made by the national government amid the pandemic continued to grow. The Bureau of the Treasury reported on Monday, July 5, that the government's outstanding financial obligations rose 24 percent to P11.071 trillion in...
The Duterte administration has completed its third foreign commercial borrowing this year. Screen Shot 2021-06-29 at 9.59.33 AM The national governm Screen Shot 2021-06-29 at 9.59.33 AM ent has raised $3 billion, equivalent to P146 billion, from a dual tranche offering of 10.5-year and 25-year...
The Duterte administration is set tap the overseas debt markets anew, marking its third commercial borrowing for the year, to support the national government’s wider budget deficit ceiling. On Monday, June 28, the Bureau of the Treasury announced the launching of a benchmark-sized US dollar bond...
Increased revenue haul allowed the Duterte administration to narrow its budget deficit in May this year, the Bureau of the Treasury reported on Tuesday, June 22. The national government trimmed its budget gap by 0.91 percent to P200.3 billion from P202.1 billion in May last year after revenue...
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...
