Benchmark interest rates returned their slide after the recent downward correction in US Treasury yields. At Monday's auction, May 6, the 91-day Treasury bill rate, which banks use in pricing their loans, went down to 5.780 percent from 5.869 percent in the last auction. Likewise, the yield for the...
The national government's debt dipped below the P15 trillion mark in March this year, driven by repayments to domestic creditors, the Bureau of the Treasury reported. According to the Treasury's report on Thursday, May 2, the national government’s outstanding debt decreased by 1.6 percent in...
Short-term benchmark interest rates moved sideways amid slightly stronger peso exchange rate. The national government on Monday, April 29, made a full award of all its short-term debt papers as demands totaled P51.204 billion, more than threefold the offer. The Treasury made a full P5-billion award...
The Marcos administration's borrowing decreased in the first quarter of this year due to reduced funding from international creditors, data from the Bureau of the Treasury showed. Gross borrowings of the national government totaled P830.4 billion from January to March 2024, a 12 percent decline...
The Marcos administration’s budget deficit shrank in March this year as revenue growth outpaced public spending, the Bureau of the Treasury reported. The fiscal deficit of the national government for the third month of the year was P195.9 billion, down from P210.3 billion in March 2023. Based on...
State-owned Bases Conversion and Development Authority (BCDA) has doubled its dividend remittance to support the government’s spending and strengthen economic growth. In a statement on Wednesday, April 24, BCDA reported that it has remitted P1.1 billion in dividends to the Bureau of...
Short-term benchmark interest rates rose at the auction on Monday due to the expected delay in rate cuts by the US Federal Reserve, given the persistent inflation. The rate for the 91-day Treasury bill (T-bills) increased to 5.888 percent from 5.870 percent during the last week’s auction....
Debt payments made by the government decreased in February due to lower principal payments made to domestic creditors, data from the Bureau of the Treasury showed. The national government's debt servicing reached P293.61 billion last February, 22 percent lower than the P375.71 billion paid out in...
The Bureau of the Treasury reported that the Marcos administration significantly increased its borrowing in February this year, primarily from the domestic market. In the second month of 2024, the national government's gross borrowings totaled P419.97 billion, higher by 22 percent compared to...
The government recorded a rise in revenue stemming from the operations of the Philippine Amusement and Gaming Corp. (Pagcor), surpassing the levels seen prior to the pandemic-induced lockdowns. Data from the Bureau of the Treasury indicated that the government's gaming regulator and operator...
Investors pressed for an increase in Philippine benchmark interest rates for short-term loans following the rise in inflation rate and hawkish signals from monetary officials. At the Treasury bureau’s auction on Monday, April 8, the national government successfully raised P15 billion through the...
The amount of subsidy the Marcos administration extended to government-owned and controlled corporations (GOCCs) was raised to 35 percent in February, as the bulk of it went to the National Irrigation Administration (NIA). Based on the Bureau of the Treasury data, financial support extended to...
