Govt borrowings jump fourfold in September

Quick Summary:

The national government’s (NG) borrowings quadrupled in September due to a surge in its external debts, according to the Bureau of Treasury (BTr).

It made a full award of P20 billion worth of T-bills from 91-day, 182-day and 364-day debt papers.

The government will raise P2.570 trillion this year, following a mix of 75:25, of which P1.923 trillion will be raised domestically while P646.084 billion will come from foreign sources.

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Article Details

Author / Journalist: Cai U. Ordinario

Category: BusinessStartups

Markets: Philippines

Topics: Worth Domestic Data External Billion Government Percent Trillion September Borrowings Treasury

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-27 @ 16:19:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 503 words

Reading Time: 3 minutes read

Sentences: 25 lines

Sentence Length: 21 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 23267603

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