The Duterte administration has substantially reduced new financing last August, taking up only about a fifth of the amount it borrowed from a year earlier, data from the Bureau of the Treasury showed. Gross borrowings only reached P117.74 billion in August which was 81 percent lower or by P495...
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. The national government's outstanding obligations reached P11.642 trillion as of August...
Benchmark interest rates resumed their slide as the local debt market remains very liquid despite concerns on inflation, the Bureau of the Treasury said. At Monday's auction, Sept. 27, the 91-day Treasury bill rate, which banks use in pricing their loans, went down to 1.060 percent from 1.070...
Despite difficulties in raising revenues amid the pandemic, the national government opted to increase the amount of subsidy it extended to state-owned corporations due to mounting health insurance claims. Data from the Bureau of the Treasury revealed that the financial support extended to...
Increases in public spending last month forced the national government to raise its budget deficit in the first eight-months of the year near the trillion peso mark. Bureau of the Treasury office The Bureau of the Treasury reported on Thursday, Sept. 23, that the Duterte administration’s fiscal...
Finance Secretary Carlos G. Dominguez III urged small investors to invest in the government’s maiden onshore retail dollar bond (RDBs) offering, saying it is a “win-win proposition” that will promote financial inclusion while raising funds for the country’s coronavirus response. Finance...
The Bureau of the Treasury has launched the government’s first onshore issue of dollar bonds catering to small investors who are looking for a low-risk, accessible and higher-yielding investment. At the price-setting auction on Wednesday, Sept. 15, the Bureau of Treasury raised an initial $866.2...
Government loans from local and foreign banks increased by more than double in July this year. Data from the Bureau of the Treasury showed that the Duterte administration’s gross borrowings jumped 150 percent last July to P337.36 billion from P134.53 billion in the same month last year. According...
Government debt snowballed to a record high of P11.61 trillion as of July this year. Peso bills Based on the Bureau of the Treasury’s report on Tuesday, Aug. 31, the public debt increased 26.7 percent from P9.164 trillion in the same month last year, or an addition of P2.446 trillion in the past...
The national government’s budget deficit narrowed in July this year due to slower public spending and higher revenue haul, the Bureau of the Treasury reported. The Duterte administration trimmed the government’s fiscal gap last month by 13.6 percent to P121.2 billion from P140.2 billion in July...
The Bureau of the Treasury will team up with the country’s leading banks to let small investors buy at easy terms retail dollar bonds (RDBs) that the government is planning to issue this year to fulfill part of its domestic financing requirements. National Treasurer Rosalia de Leon said several...
Government debt inched up anew in June this year due to higher borrowings from foreign creditors. Data from the Bureau of the Treasury showed that the national government’s outstanding debt stock stood at P11.166 trillion as of June, up by P94.9 billion from P11.071 trillion in the previous...
