FOREIGN debt pushed the national government's gross borrowings to P367.18 billion in September, a 255.6-percent spike from P103.25 billion last year, according to data from the Bureau of the Treasury (BTr).
FOREIGN debt pushed the national government's gross borrowings to P367.18 billion in September, a 255.6-percent spike from P103.25 billion last year, according to data from the Bureau of the Treasury .In its latest cash operations report, BTr said the figure is also higher than the P174.03 billion last August. Global bonds accounted for most foreign borrowings at P140.9 billion, plus P72.65 billion raised from program loans and P8.35 billion from project loans.
Local borrowings, meanwhile, were likewise up at P145.2 billion from P92.07 billion a year earlier but lower than the P167.05 billion in August.The bulk of domestic borrowings worth P120 billion came from fixed-rate Treasury bonds, with another P25.2 billion raised from T-bills.As of end-September, domestic debt totaled P1.8 trillion.Government financing surged to P347.42 billion for the month, 310.8 percent higher than the P84.58 billion last year and P162.51 billion last month.
Bonds Hike Gross Borrowings To P367.18B
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