Budget gap in ’23 narrows 6.3% to ₱1.5T; 6.2% of GDP
THE Philippines’s budget deficit last year fell by 6.32 percent to P1.512 trillion, lower than the P1.614 trillion recorded in 2022.
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THE Philippines’s budget deficit last year fell by 6.32 percent to P1.512 trillion, lower than the P1.614 trillion recorded in 2022.
THE Land Bank of the Philippines announced it is inviting Filipinos to participate in the Bureau of the Treasury’s (BTr) latest retail treasury bonds offering to save more of their money. Interested investors may purchase the Retail Treasury Bonds Tranche 30 (RTB-30) with a minimum investment of P5,000, offering an annual fixed interest rate of 6.25 percent within a 5-year term.
THE Marcos Jr. administration plans to raise at least $200 million from its first sale of retail dollar bonds (RDBs)—the second for the Philippines—to meet the state’s financing needs.
THE Marcos Jr. administration failed to borrow the full ₱225 billion from the domestic market this month as investors’ asking yields across tenders have been unfavorable for the national government.
THE Philippines’s outstanding debt as of end-June rose by 10.6 percent year-on-year to P14.15 trillion, a new record high for the country, from last year’s P12.791 trillion, according to the Bureau of the Treasury (BTr).
Finance Secretary Benjamin E. Diokno remains optimistic that the national government (NG) would reach its full-year budget deficit ceiling, as agencies are already crafting their catch-up plans to accelerate their spending programs.
THE total amount of subsidies extended by the national government to state-run institutions and firms in April rose by 75 percent year-on-year to P8.958 billion, latest government data showed.
THE national government’s total gross borrowings from January to April declined by slightly over 6 percent year-on-year due to lower domestic borrowing despite the uptick in its external financing.
THE national government posted a budget surplus of P66.8 billion in April, over 1,250 percent higher from last year, as revenue collections outmatched spending during the period.
THE national government’s total gross borrowings from January to November last year contracted by almost a fifth on an annual basis to P2.104 trillion, the latest Bureau of the Treasury (BTr) data showed.
THE national government has programmed a total of P120-billion borrowings from the local debt market in December, which is lower compared to what was set for this month.
The government will sell at least P30 billion in three-year retail Treasury bonds (RTBs) to widen participation of local investors in government securities, the Bureau of the Treasury (BTr) announced on Thursday.
The Bureau of the Treasury decided on Tuesday to fully award five-year Treasury bonds with remaining life of four years and 10 months on the back of strong demand for the security, with total tenders amounting to P26.6 billion, or almost twice the P15 billion on offer.
Short-dated securities auctioned off on Monday in the form of Treasury bills (T-bills) posted rates rising across the board, their combined cost having risen 6.9 basis points from when they were last sold by the Bureau of the Treasury (BTr).
The national government (NG) incurred a P353.4-billion deficit for 2016 as consequence of a 14-percent expenditure growth that outpaced revenue growth of just 4 percent and broadly in line with government initiatives to ramp up spending.
The Bureau of the Treasury (BTr) on Tuesday allowed the five-year bond rate to rise by 15.4 basis points to 4.03 percent. Treasury officials recognized the premium bond investors demand from the government as a result of uncertainties generated by such significant events as the timing of the next interest-rate adjustment by the US Federal Reserve (the Fed), among others.
The Bureau of the Treasury (BTr) has deferred the scheduled auction of Treasury bills (T-bills) on Monday due to technical difficulties encountered at the agency’s automated debt processing system (Adaps).
The Bureau of the Treasury (BTr) awarded in full Treasury bonds, or T-bonds, worth P15 billion sold at the auction of three-year IOUs on Tuesday.
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