The national government’s gross borrowings in the first four months of the year declined as both external financing recorded contractions from the previous year’s level, data released by the Bureau of the Treasury (BTr) showed.
Latest cash operations report posted on the BTr website showed that the government’s gross borrowings in January to April period reached P786,683 billion, down by 99.92 percent from P1.026 trillion last year.
Gross domestic borrowings for the period accounted for the bigger chunk amounting to P1.038 trillion, a 38.68 percent increase from last year’s P749.113 billion.
Of the said amount, P377.258 billion is in fixed rate treasury bonds, P584.861 billion was accounted for by retail treasury bonds, while P76.822 billion was allocated in Treasury bills.
The BTr data, meanwhile, showed that gross external borrowings for the period plummeted by 99.96 percent to P124.099 billion from P328.883 billion a year ago.
This was made up of P28.664 billion in project loans and P95.435 billion billion in new program loans.
Gross borrowings likewise declined in April alone as both external and domestic financing recorded contractions from the previous year’s level.
In the same cash operations report, the country’s total borrowings reached P50.100 billion, down by 59.99 percent from P125.230 billion last year.
On a month-to-month basis, gross borrowings fell by 75 percent from P200.475 billion last March.
Gross domestic borrowings declined by 14.32 percent to P82.360 billion in April, from the P96.127 billion recorded a year ago.
Broken down, domestic borrowings were composed of P67.258 billion in fixed-rate Treasury bonds and P15.102 billion in Treasury bills.
Meanwhile, foreign financing amounted to P6.842 billion, 79.74 percent lower than its year-ago level of P33.779 billion. External borrowings during the month were composed entirely of new project loans. (TCSP)
