Tag: #COVID-19 response
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Gov’t borrows P124B in November
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.
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Gov’t total loans jump 1,244% in Oct. to P663 B
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.
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DOF orders PITC to return P32-B ‘parked’ funds to Treasury
The Department of Finance (DOF) ordered the Department of Trade and Industry (DTI) to return to the government coffers the P32.6 billion sitting idle in the state-owned Philippine International Trading Corp. (PITC).
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Gov’t foreign borrowings for COVID-19 near $10-B
The Duterte administration has so far borrowed close to $10 billion to fund the national government’s coronavirus response, the Department of Finance (DOF) said.