NG eyes ₱600B via sale of debt papers in Q1 2025

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The story "NG eyes ₱600B via sale of debt papers in Q1 2025" was covered 2 days ago by Business Mirror, a news publisher based in Philippines.

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NG eyes ₱600B via sale of debt papers in Q1 2025 - Business Mirror

Quick Summary:

THE national government plans to secure over P600 billion from the domestic market in the first quarter of next year, according to the Bureau of the Treasury (BTr).

Earlier, the national government’s borrowings drew close to the P2.570-trillion full-year program as it climbed by double digits to P2.429 trillion as of the first 10 months of the year, to finance the fiscal deficit.

Latest data from the BTr showed that the government’s gross borrowings reached P2.429 trillion from January to October 2024, up by 23 percent from P1.975 trillion during the same period in 2023.