LATEST NEWS

While the record P12.68-trillion national debt is manageable and vital for the country’s continued growth, Presidential Adviser for Entrepreneurship Jose ‘Joey’ Concepcion III said the public must still focus on the ongoing threat of Covid-19 slowing down economic activity.

Malacañang assured the public that the government is spending the country’s borrowings efficiently as the country availed itself of more loans amid the ongoing Covid-19 pandemic.

Debt payments by the Philippine government were nearing the P1 trillion mark in the first nine-months of the year due to higher interest and principal settlements.

Government borrowings grew at a much slower pace in the first nine months of the year as the need for additional financing to augment the country’s coronavirus war chest started to wane, data from the Bureau of the Treasury revealed.

Donny Pangilinan started the month of October with a big surprise treat to his ever-so-supportive fans, as he released his single, “Wings”.

Lingering concerns over high inflation pushed up the interest rate for long-term Philippine debt papers.

The nation government’s debt stock advanced at a much slower pace in August as debt repayments to foreign creditors softened the increase in domestic borrowings, data from the Bureau of the Treasury showed.

Government debt snowballed to a record high of P11.61 trillion as of July this year.

The national government plans to spend more than P1 trillion to settle some of its liabilities next year, but at the same time borrow over P2 trillion, data from the Department of Budget and Management (DBM) revealed.

Government borrowings increased in the first-semester of the year amid higher deficit spending due to prolonged pandemic, data from the Bureau of the Treasury revealed.         

Government debt inched up anew in June this year due to higher borrowings from foreign creditors.

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.

The national government’s borrowing breached the P1-trillion mark in the first-quarter of the year as the Duterte administration takes advantage of low interest rates in bridging the wider gap between its expenditures and revenues.

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.

The Asian Development Bank’s (ADB) has earmarked $9.4 billion in sovereign lending to the Philippines for the next three-years to help the government revitalize the economy amid the coronavirus disease pandemic.

The Duterte administration’s borrowings increased by over ninefold in October due to Bangko Sentral ng Pilipinas’ (BSP) cash advance to the national government, data from the Bureau of the Treasury showed.

The Bureau of the Treasury is planning to borrow P140 billion from the domestic market in October this year.