Business NEWS

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.         

Benchmark interest rates fetched mixed result on Monday, (July 26), amid increasing concerns that the government may impose stricter quarantine controls to manage the threats of the quick-spreading Delta variant in the Philippines.

 The yields on short-term debt papers slightly inched up across the board yesterday due to lingering concerns on coronavirus “Delta” variant and sustained elevated inflation in June, the Bureau of the Treasury said.

Short-term benchmark interest rates dipped anew at Monday’s auction, June 7, of the government IOUs at the Bureau of the Treasury.

Short-term benchmark interest rates moved slightly at Monday’s (May 24) auction.. The 91-day Treasury bills fetched an interest rate of 1.269 percent, marginally easing from the previous week’s 1.270 percent.

Benchmark interest rates dropped across the board at Monday’s auction of short-term government debt papers.

The Bureau of the Treasury fully awarded bids for short-dated IOUs at Monday’s auction, May 3.

The unprecedented borrowings since the government began community quarantine in March last year have added P2.3 trillion to the public debt, data from the Bureau of the Treasury showed on Monday, May 3.

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.

The national government’s budget deficit more than doubled last month amid lower revenues and higher spending, data from the Bureau of the Treasury showed.

Less a month since its return to Japan’s debt market, the Duterte administration announced its  second foreign commercial borrowing for the year through a euro-denominated bond sale.

The Bureau of the Treasury fully awarded P25 billion as rates for three-and six-month IOUs rose, while one-year yield slightly dropped.

The Bureau of the Treasury raised P35 billion through the sale of its newly-issued bonds at an auction on Tuesday, April 6.

The Bureau of the Treasury received mixed results at Monday’s (April 5) auction, but allowed the government to raise P25 billion as planned.

The Bureau of the Treasury (BTr) has covered trillions worth of non-financial government assets such as roads, school buildings and power plants for inclusion in the National Asset Registry System (NARS), the Department of Finance (DOF) said.

The Duterte administration has successfully returned to the Japanese debt market, raising about P24.2 billion to fund the government’s coronavirus response and support the country’s economic recovery plan.

Short-term interest rates dropped at Monday’s (March 29) auction, as investors flocked to safe haven assets, the Bureau of the Treasury said.

About P94,589 is every living Filipino’s share of the national government debt as of February, that is P20,000 more.