Borrowings down 9% in H1

/ 05:12 AM August 22, 2018

The government’s gross borrowings declined by 9 percent to P460.9 billion in the first half as it sold a smaller volume of retail treasury bonds (RTBs) compared to a year ago.

From January to June, the combined gross domestic and external borrowings decreased from P505.8 billion in the same six-month period last year, the latest Bureau of the Treasury data showed.


End-June domestic borrowings slid to P305 billion from a year ago’s P366.6 billion.

In June, the government raised P121.8 billion from three-year RTBs, lower than the P181.9 billion worth of RTBs sold to small investors in April last year.


At end-June, the Treasury also issued a net of P66.6 billion in T-bills as well as P116.7 billion in fixed-rate T-bonds.

Meanwhile, external borrowings as of June rose to P155.8 billion from P139.2 billion a year ago.

In the first six months, program loans from multilateral lenders and development partners reached P21.4 billion, while project loans amounted to P19.7 billion.

Also, the government raised P102.7 billion from the global bond sale settled in February and sold P12 billion of panda bonds in March.

For 2018, the government’s borrowing mix is 64 percent local, 36 percent foreign. —BEN O. DE VERA

Subscribe to Inquirer Business Newsletter
Read Next
Don't miss out on the latest news and information.
View comments

Subscribe to INQUIRER PLUS to get access to The Philippine Daily Inquirer & other 70+ titles, share up to 5 gadgets, listen to the news, download as early as 4am & share articles on social media. Call 896 6000.

TAGS: Bureau of the Treasury, gross borrowings, retail treasury bonds (RTBs)
For feedback, complaints, or inquiries, contact us.

© Copyright 1997-2020 INQUIRER.net | All Rights Reserved

We use cookies to ensure you get the best experience on our website. By continuing, you are agreeing to our use of cookies. To find out more, please click this link.