The national government’s gross borrowings decreased in June due to year-on-year decline in domestic and foreign financings for the month, Bureau of Treasury said.
Preliminary data from the BTr showed that the total gross borrowings in June alone declined by 11.77 percent to P140.230 billion from P158.951 billion last year.
Gross foreign financing reached P15.700 billion in June, a 30.42 percent decline from P22.567 billion last year.
The government borrowed from foreign sources in June through project loans worth P10.637 billion and program loans worth P5.063 billion.
Domestic borrowings declined 7.95 percent to P132.476 billion as of end-June from the P143.920 billion recorded a year ago.
The government raised P110.228 billion in fixed-rate Treasury bonds and
P22.248 billion in Treasury bills during the month.
On the other hand, the government’s gross financing also declined in the first half of the year as domestic financing posted a double-digit decline year-on-year.
The national government’s borrowings for the first six months declined by 11.16 percent to P1.178 trillion from P1.326 trillion in January to June last year.
Gross external borrowings declined by 37.03 percent to P267.412 billion during the first half of the year from P366.441 billion in the year prior.
External financing includes P115.247 billion in global bonds, P100.498 billion in program loans, and P51.667 billion in project loans.
On the other hand, gross domestic financing increased by 27.24 percent to P1.303 trillion for the period January to June this year from P1.024 trillion last year.
This consisted of P109.070 billion in Treasury bills, P584.861 billion in retail Treasury bonds, and P609.207 billion in fixed-rate Treasury bonds. (TCSP)
