Over half a trillion pesos in total payments were slashed during the first six months of 2025, with domestic lenders receiving nearly ₱600 billion less in principal payments compared to what they had received from the Marcos administration in 2024. Data from the Bureau of the Treasury (BTr)...
The national government’s outstanding debt breached the ₱17-trillion mark in June, reaching a fresh record high of ₱17.27 trillion. According to the latest data reported by the Bureau of the Treasury (BTr), the total debt stock bloated by 2.1 percent or ₱350 billion from the end-May figure....
Global trade jitters and the impending expiry of US tariff pauses failed to deter investors, as the Marcos administration’s debt sales saw robust demand, allowing the Bureau of the Treasury to raise ₱28.4 billion and continue its four-week trend of lower borrowing costs. During the sale of...
Despite the single-digit drop in domestic borrowings, the Marcos administration’s foreign debt rose by more than 50 percent in the first six months of the year, leading to a higher gross borrowing of ₱1.59 trillion from ₱1.57 trillion a year earlier. According to the Bureau of the Treasury...
A rare remittance from the Presidential Commission on Good Government (PCGG)—reportedly proceeds from the sale of a Claude Monet painting considered as ill-gotten wealth by the family of strongman Ferdinand Marcos Sr.—has helped triple the Marcos Jr. administration’s privatization revenues in...
The Marcos administration raised ₱20 billion from long-term debt sales, but at higher interest rates, as investors anticipate an upcoming retail treasury bond offering that could impact market demand. During the sale of three-year treasury bonds (T-bonds) on Tuesday, July 22, the Bureau of the...
While short-dated treasury bills (T-bills) will still be offered from July to September, the national government will also issue long-term retail debt instruments amounting to around ₱200 billion within the third quarter of 2025. Department of Finance (DOF) Secretary Ralph G. Recto told reporters...
With the Philippines being flagged as one of the developing countries that spent more than 10 percent of its income on debt repayments in 2023, the Department of Finance (DOF) argued that the fiscal strain stemming from mounting debt payments remains under control. “We’re managing it,” DOF...
The Marcos administration has borrowed ₱28.4 billion from domestic creditors through the sale of short-term debt on Monday, July 14—surpassing its target for a second straight week as investor demand strengthened amid lower borrowing costs due to heightened tariff-led global economic...
Government subsidies to state-run firms plummeted by 27 percent to ₱45 billion in the first five months of the year from ₱57 billion in the same period the previous year. This reduction comes as the Marcos administration in May continued to slash funding for major non-financial and financial...
The Marcos administration has successfully borrowed ₱30 billion from the sale of long-term debt securities but with higher borrowing costs despite higher demand from domestic investors. During the sale of seven-year treasury bonds (T-bonds) on Tuesday, the Bureau of the Treasury (BTr) fully...
The Marcos administration raised ₱28.4 billion from domestic investors in Monday’s sale of short-term debt, surpassing its target as demand remained firm, with investors attracted to the higher yields of Treasury bills (T-bills) compared to shorter offerings from the central bank. During the...
