The government borrowed more foreign loans in 2020 to fund COVID-19 response, pushing the outstanding external debt to grow by 17.8 percent to $98.488 billion from $83.618 billion in 2019, based on Bangko Sentral ng Pilipinas (BSP) data. The country’s external debt as a ratio to GDP increased to...
The national government’s debt stock breached P10-trillion mark in January after its total obligations accelerated by P2.5 trillion amid aggressive borrowings to finance the country’s war chest against the coronavirus pandemic. The Bureau of the Treasury reported on Tuesday, March 2, that the...
The central bank-monitored external debt service burden continued its decline, it fell by 15.49 percent year-on-year as of end-November 2020 to $6.452 billion from $7.635 billion. Based on Bangko Sentral ng Pilipinas (BSP) data, principal payments totaled $4.385 billion, down by 8.53 percent from...
The country’s external debt service burden fell to $6.09 billion as of end-October 2020 or 16.6 percent lower from same time in 2019 of $7.30 billion, data from the Bangko Sentral ng Pilipinas (BSP) show. Principal payments dropped 9.95 percent to $4.15 billion from $4.61 billion while interest...
The national government’s debt stock increased by more than a quarter in November after both local and foreign obligations jumped by double-digits due to heavy borrowings, data from the Bureau of the Treasury showed. As of November last year, the outstanding debt of the national government...
Debt service burden down 8% The Philippines will continue to have a strong debt sustainability position and will remain comfortably way below what the Bangko Sentral ng Pilipinas (BSP) considers a danger threshold even as the country borrow more from foreign sources to fund COVID-19 vaccine...
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. According to the data, gross financing of the Duterte administration increased by 314...
SL Agritech Corporation (SLAC), the country's biggest hybrid rice seeds producer, has returned to the local debt market to raise P2 billion, capping this year’s listing at the country’s bond bourse, Philippine Dealing & Exchange Corp. (PDEx). As a result, PDEx President and Chief Operating...
The national government debt payments increased in October due to bigger maturing obligations, data from the Bureau of the Treasury showed. Debt servicing hit P27.19 billion in October this year, higher by eight percent compared...
The Philippines’ external debt is higher by 11.25 percent year-on-year to $91.979 billion as of end-September from $82.674 billion, said Bangko Sentral ng Pilipinas (BSP) Governor Benjamin E. Diokno on Friday. The debt stock was up by $9.3 billion because of the National Government’s (NG) net...
Government debt stock breached the P10 trillion mark in October amid unprecedented borrowings for the coronavirus response, data from the Bureau of the Treasury showed. Total outstanding debt of the national government stood at P10.028 trillion as of October this year, up by 26.8 percent compared...
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. Gross borrowings of the national government in October this year increased by 1,244...
