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Gov’t borrowings rise, payments decline

Fresh public loans up 70% to P852.7B in 1st 11 months



The government’s financing position in the 11 months to November showed a net borrowing of P477 billion, or about five times the P99.7 billion registered in the same period last year, according to the Bureau of Treasury (BTr).

From January to November, the government borrowed more at a faster rate, while its payments declined, easing to a single-digit rate.

In the 11-month period, the government borrowed P852.7 billion—up by 70 percent year-on-year from P501.5 billion.

At the same time, the government settled P375.7 billion in obligations, which was 7 percent less than the P401.8 billion paid in the same period last year.

Treasury data showed that the issuance of P367.8 billion in retail treasury bonds, P66 billion in global bonds, and P391.1 billion in regular domestic bonds, accounted for the bulk of new government debt this year.

On the other hand, the Treasury reported a net redemption of T-bills worth P22.6 billion.

Also, overseas development assistance reached P50.3 billion, including P15.5 billion for projects and P34.8 billion for programs.

Total ODA was 7 percent more than the P46.9 billion reported in the same period last year.

As of November, the government paid a total of P375.7 billion, including P55 billion in foreign loans and P320.6 billion in domestic debt.

Total payment for the period was 7 percent less than the P401.8 billion paid in the same period last year. The payments covered P110.2 billion in overseas obligations and P291.6 billion in local loans.

In November alone, the government’s financing position settled at a net borrowing of P32.6 billion—a reversal from the net payment of P532 million reported in the same period last year.

Last month, the government incurred P16.9 billion in new foreign loans and P36 billion in new domestic debt.

At the same time, the Treasury paid  P5.7 billion in foreign debt and P14.6 billion in domestic loans.

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Tags: borrowings , Bureau of Treasury , Business , debts , economy , Finance , Government , Loans

  • http://www.facebook.com/vincent.cases Vince Leonard

    Don’t you guys see it? The Aquinos and his allies monopolized our country’s corporations. Have you wondered that throughout the presidency of Nonoy he only goes abroad to invite more investors, sounds good, for what? To find more business partners for them, not for our government because our gov’t is insolvent, no more corporations because they sold it to the oligarchs which of course the Aquino-cojuanco’s are being part.

    I admit that inviting investors are good, but the motive is bad because they want to be more richer and Noynoy is in the right position to directly get investors as their business partners, mainly for their interest. That is why is more than enthusiastic to go abroad.

    Now he doesn’t have big time infrastructure projects or development plans, so where does the f*cking money go? If you are a businessman you will understand that you need capital to start a business and what’s going on of our debt, I bet you are not blind.

    I believe that Nonoy really enjoys his position now, where he became hero by the media of Lopez and at the same time expanding their corporations and his cohorts.

    They are very successful in making majority of the filipinos fool and hating Gloria and Marcos to make them look righteous.

  • http://profile.yahoo.com/GHH2IPW7ZSTQX4JCYQWL2BLXOE MarcialA

    most manufacturer import raw material dito din nman cla bumabawi pag mataas ang balor ng peso, sa pag import ng raw material parehas lang baba ang kita nila sa pag export, lumiit naman ang gastos nila sa pag import ng raw materials.

  • nparvus1202

    Kaya pala nagkukumahog sa pagtataas ng tax ang gobyernong ABNoy kasi walang ginawa kundi umutang tapos balasubas naman sa bayaran. Eh saan napupunta ang mga pera?

  • pinoypower

    Pag inisip natin ang utang at kung paano ito babayaran sasakit ang ulo natin! Mabuti pa isipin na lang natin yung uutangin pa at baka ma-anggihan tayo.Hahaha!
    Seriously, lahat ng bansa halos may utang at No. 1 ang US. Ang maganda sa Pilipinas marami pa ang gustong mag-pautang at sa mababang interest di tulad ng maraming European countries gustong mangutang pero walang magpa-utang kasi risky na hindi makabayad.

    • http://profile.yahoo.com/B2N5LYDQKDPK632VWJOM4FHQE4 ann

      ignorance has somehow manifested itself in every fiber of your existence

      • pinoypower

        LOL! I’m in holiday mood! Ninos Inocentes baga! But if you want more of my ignorance feel free to access my Disqus profile!
        Don’t judge me too quickly because I’m not a book! Hahaha!

  • Your_King

    Aquino’s Administration does not make any sense. Earlier this year he boasts about lending money to the IMF then now it looks like his government is borrowing so much. If we don’t have that much money why lend…it just forces the Philippines to have to borrow.

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