THE national government intends to raise P215 billion from debt papers in November, according to the Bureau of the Treasury (BTr).
This is higher than the P200 billion set in October. National Treasurer Rosalia V. de Leon said the increase is because there are five weeks in November.
The amount for November covers P75-billion worth of Treasury bills and P140 billion-worth of Treasury bonds to be auctioned off next month. The borrowing program is the same throughout the year except for June and March when borrowing reached P235 billion. The program set for November 2021 was also at P200 billion.
Based on the borrowing program for November, the BTr said the government aims to raise P15 billion from 91-day, 182-day and 364-day T-bills on each auction date set for November 3, November 9, November 16, November 23, and November 29.
In terms of bonds, the government aims to raise P35 billion each from 3-year bonds to be auctioned on November 4 and 5-year bonds on November 10.
The BTr said the same amounts will be raised for 12-year bonds on November 17 and 20-year bonds on November 24.
This year, the government is set to borrow a total of P2.21 trillion, of which 75 percent will be sourced locally while the remaining 25 percent will come from foreign sources.
The country’s debt-to-GDP ratio slightly eased to 62.1 percent in the second quarter of the year from 63.5 percent in the first quarter. However, this remained above the internationally-recommended 60-percent threshold for a healthy economy.