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Gov’t borrowings down 42% in ’13

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The government borrowed significantly less in 2013 than in the previous year, as the increase in tax collection helped trim its budget gap.

Posted: March 14th, 2014 in Headlines | Read More »

State’s outstanding debt rose 5.5% in Nov.

The government’s debt stock rose further in November as the state continued to rely on borrowings to partly fund its expenditure requirements.

Posted: January 20th, 2014 in Headlines | Read More »

Growth of economy outstrips rise in gov’t debt

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The outstanding debt of the government rose anew in September as it continued to rely on borrowings to help meet its expenditure requirements.

Posted: November 29th, 2013 in Headlines | Read More »

Gov’t borrowings down 50% in first 4 months to P176B

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Confident of its ability to generate higher revenues and fund more of its expenditure requirements this year, the government borrowed significantly less from foreign and local creditors in the first four months.

Posted: June 4th, 2013 in Editor's Pick,Headlines | Read More »

PH ended 2012 with net borrowings of P538B

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FILE PHOTO

The national government’s financing position in 2012 showed a net borrowing of P538.2 billion, or almost five times the P115.3 billion recorded in 2011, according to the Bureau of the Treasury.

Posted: March 11th, 2013 in Latest Business Stories | Read More »

Gov’t borrowings rise, payments decline

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FILE PHOTO

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, [...]

Posted: December 30th, 2012 in Editor's Pick,Headlines | Read More »

Gov’t plans to borrow $3.2B abroad in 2013

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The government plans to borrow as much as $3.2 billion from foreign sources next year, intending to use the proceeds to help fund development projects and programs and settle maturing dollar-denominated obligations.

Posted: November 21st, 2012 in Headlines | Read More »

Gov’t borrowings reach P171.64B in 1st 5 months

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The government’s financing position in the five months to May ballooned to a net borrowing of P171.64 billion—much higher than the P3.68 billion recorded in the same period last year, according to the Bureau of Treasury (BTr).

Posted: July 3rd, 2012 in Headlines | Read More »

Gov’t borrowed more, paid less in first 4 months

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The government’s finance position in the four months to April stood at a net borrowing of P162.4 billion—a reversal from the net payment of P30.73 billion reported in the same period last year, according to the Bureau of the Treasury (BTr).

Posted: May 28th, 2012 in Headlines | Read More »

Gov’t eyes local, not foreign, lenders

The government may tap the domestic capital market to raise a portion of the $750 million it originally planned to borrow offshore, as officials cited the high liquidity and low interest rates prevailing in the Philippines.

Posted: March 22nd, 2012 in Headlines | Read More »

Gov’t borrowed less, settled more debt in ’11

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The government assumed a net borrowing position of P115.3 billion in 2011—67 percent lower than the P351.6 billion reported the previous year, the Bureau of the Treasury (BTr) said.

Posted: March 12th, 2012 in Headlines | Read More »

Net borrowing down 70% to P99B as of Nov., says BTr

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The government’s financing position in the 11 months to November showed a net borrowing of P99.7 billion, 70 percent lower than the P336.5 billion recorded in the year-ago period, according to the Bureau of the Treasury (BTr).

Posted: December 29th, 2011 in Headlines | Read More »

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