#government borrowings
Marcos admin increases Q2 2025 borrowing plan by ₱106 billion
The Marcos administration plans to borrow ₱735 billion in the second quarter of 2025, a 17 percent increase over the first quarter's planned ₱629 billion, data from the Bureau of the Treasury (BTr) showed.
Gov't long-term yields drop as investors prepare for BSP rate cut this week
Long-term government debt yields fell on Tuesday, Feb. 11, amid expectations of a 25-basis-point cut in key borrowing costs by the Bangko Sentral ng Pilipinas (BSP) and easing U.S. Treasury yields.
BSP approves $3.21 billion for public sector projects in Q4
The Monetary Board (MB) allowed the Marcos administration to borrow as much as $3.21 (about P186.98 billion) from foreign lenders for the last three months of 2024.
Philippines raises $3.3 billion in global bond offering
The Philippines has successfully raised $2.25 billion and €1 billion in a triple-tranche bond sale, demonstrating continued investor confidence in the country's economic prospects.
Philippines issues first euro sustainability bond alongside US dollar offering
The Marcos administration is tapping into the global bond markets with a multi-tranche offering in both US dollars and euros, the Bureau of the Treasury announced on Thursday, Jan. 23.
Investors seek safety in long-term IOUs amid rising Trump 2.0's protectionism
Concerns over potential protectionist measures from the Trump 2.0 administration, along with expectations of fewer US Federal Reserve rate cuts in 2025, drove up demand for long-term government debt papers.
Strong demand for T-bills amid rate cut expectations, yields drop for second week
Investor demand for the government’s short-term debt papers sustained its strength for the second consecutive week, as stable inflation pushed interest rates lower and heightened expectations of potential rate cuts by the Bangko Sentral ng Pilipinas (BSP).
Government debt payments jump over half in November
The national government's debt service increased by more than half in November of last year as payments for interest and amortization soared.
Government cuts November borrowing by nearly half, driven by local debt reduction
The national government substantially reduced its reliance on borrowing in November, cutting its total by nearly half compared to the same period last year, due to lower domestic borrowing.
Government plans higher debt offering for first quarter 2025
The national government has nearly tripled its planned borrowings for the first quarter of 2025 as it seeks to secure funding ahead of the 2025 midterm elections and mitigate risks from rising borrowing costs and market volatility.
T-bill yields mostly higher for ninth week on inflation, strong dollar
Yields on shorter-dated government IOUs mostly edged higher for the ninth consecutive week, driven by expectations of rising inflation and a strong US dollar.
T-bill yields continue upward trend amid Trump’s protectionist move
Concerns about rising U.S. Treasury yields and inflation, linked to potential protectionist policies under a Trump administration, have led to an increase in short-term government debt interest rates for the sixth consecutive week, despite a slight decline in investor demand.
T-bill rates rise amid dollar strength, Fed caution
A weaker peso, coupled with higher import prices, cautious US Federal Reserve signals, and the recent reserve ratio cut, pushed short-term government debt interest rates higher for four consecutive weeks.
Philippines to modernize civil service with $67-million World Bank loan
The Philippines will borrow $67.34 million (over P3.9 billion) from the World Bank to modernize Filipino civil servants.
T-bill yields rise for third week despite lower loan rates
Interest rates on short-term government debt continued to increase for three consecutive weeks due to falling oil prices, relatively strong investor demand, and anticipation of the reserve requirement ratio (RRR) cut taking effect on Oct. 25.
Investor demand for government IOUs declines
Investor demand for the national government’s long-term debt dropped due to reduced chances of the US Federal interest rate cuts, strong job growth, weaker peso, rising inflation, and heightened geopolitical tensions.
Global factors drive T-bill rate hike despite low inflation
Interest rates on short-term government debt increased despite a four-year low inflation rate in September, driven by external factors such as rising global oil prices and reduced chances of the US Federal Reserve rate cuts.
Marcos admin's next World Bank loan: $509 million for health system resilience
The Marcos Jr. administration will borrow $509.24 million (about P28.7 billion) from the World Bank to enhance health services in rural areas.
Strong investor interest drives down short-term yields
Short-term government yields declined further amid strong investor interest, fueled by rising expectations of central bank interest rate cuts and reserve requirement reductions.
Government borrowings rise 40% in August
The Bureau of the Treasury (BTr) reported a rise in the Marcos administration’s borrowings in August, driven primarily by increased reliance on domestic lenders.
World Bank eyes more loans, grants for Philippines fight vs. flooding, climate change
The World Bank is committed to extend to the Philippines more loans, possibly blended with grants to slash interest costs, in order to bankroll flood control as well as climate change mitigation and adaptation projects as extreme weather poses a bigger threat to Filipino lives and livelihoods.
World Bank crafts lending plan for Philippines' upper middle-income climb
The World Bank is crafting its lending plan for the Philippines covering the years 2025 to 2028, the period during which the country will likely rise to upper middle-income status and gradually lose access to preferential borrowing rates.
Philippines raises $2.5 billion from second global debt sale
The Marcos administration successfully completed its second offshore commercial borrowing, raising $2.5 billion, the Department of Finance (DOF) announced.
Recto stands firm on utilizing idle GOCC funds
President Marcos' chief economic manager said that his directive to remit unused funds from government-owned and controlled corporations (GOCCs) is prudent to improve resource management and minimize reliance on additional borrowing.
Government sets higher budget for interest payments
The Department of Finance (DOF) announced that the national government's interest payments are expected to surge by double digits next year due to refinancing of loans obtained during the pandemic.