5-MO GOVT BORROWINGS UP 16.2% TO ₱1.422T–BTR

Quick Summary:

THE national government’s borrowings reached P1.422 trillion in the first five months of the year as it continued to tap more into the debt market to bankroll its projects and programs.

For the month of May, domestic financing amounted to P131.721 billion, which is almost the same as its P131.792-billion debt in the same month in 2023.

The government borrowed P121.721 billion from fixed-rate T-bonds and P10 billion from short-term T-bills in terms of domestic financing in May.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: 2023 Billion Trillion Borrowings Gross Foreign Percent Month Treasury Domestic Government

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-06-30 @ 16:21:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 484 words

Reading Time: 3 minutes read

Sentences: 17 lines

Sentence Length: 29 words per sentence (average)

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Copyright Owner: © Business Mirror

News ID: 21428682

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