Peso depreciation against the US dollar, alongside net financing activities, further pushed the national government's debt, which had recently breached the P16-trillion mark.Data from the Bureau of the Treasury (BTr), revealed that the government's total outstanding debt stood at...
The national government debt breached the P16-trillion mark due to peso depreciation against the US dollar, the Bureau of the Treasury reported.The government's total outstanding debt stood at P16.02 trillion as of end-October 2024, a 0.8 percent or P126.95 billion increase from the end-September...
The Marcos administration borrowed more from local and foreign sources in the first 10 months of the year to bridge the government's budget deficit.Data from the Bureau of the Treasury showed that the national government's gross financing rose by 23 percent from January to October 2024 to P2.429...
By DERCO ROSALThe government's debt stock is nearing the P16 trillion threshold, driven by continued borrowing from both domestic and foreign creditors.Data from the Bureau of the Treasury showed that the national government's total outstanding debt reached P15.89 trillion at end-September, with...
The Philippines is the World Bank's fifth-biggest borrower for the second-straight year, coinciding with the first two years in office of President Ferdinand R. Marcos Jr.The World Bank's latest Annual Report disclosed on Oct. 18 showed that in fiscal year 2024 covering the period July 1, 2023 to...
Government debt decreased by P139.8 billion at the end of August, primarily due to recent appreciation of the peso and net repayments of foreign debt.As of August 2024, the national government's total outstanding debt stood at P15.55 trillion, reflecting a 0.9-percent decline from the end of...
Government debt soared to a record high in July, driven by the depreciating peso against the US dollar that contributed to the double-digit rise in foreign obligations.Data from the Bureau of the Treasury, released on Wednesday, Sept. 3, showed that the national government's outstanding debt reached...
The proportion of the country's outstanding debt relative to its overall economic output returned to its post-pandemic peak in the second quarter, data from the Bureau of the Treasury revealed.Despite a higher growth rate, the gross domestic product (GDP) failed to keep pace with the government's...
The Philippine government is on track to surpass the P17 trillion debt threshold by the end of next year, data from the Department of Budget and Management (DBM) showed.Based on the Budget of Expenditures and Sources of Financing submitted to Congress, the Marcos administration expects to conclude...
The depreciation of the peso has not only driven up prices for imported goods for Filipino consumers but has also contributed to the substantial increase in the government's debt burden.According to the Bureau of the Treasury, the peso's "considerable" weakening, reaching a low point not seen in...
The government's debt hit a record P15 trillion in April this year, driven by borrowings and the peso's weakening against the US dollar.Data released by the Bureau of the Treasury showed that the national government's outstanding debt surged by eight percent to P15.017 trillion as of April from...
The Bureau of the Treasury reported a decrease in borrowing by the Marcos administration from both domestic and foreign lenders in April this year.The total gross financing for the national government last month amounted to P89.2 billion, a 31 percent decrease compared to P129.9 billion in April...
