Latest news with #BTr
Business Recorder
21 hours ago
- Business
- Business Recorder
Philippines awards $513 million in T-bills
MANILA: Following are the results of the Philippine Bureau of the Treasury's (BTr) auction of T-bills on Monday: BTR awards 28.6 billion Philippine pesos ($512.58 million), above 25 billion Philippine pesos programme Tenders total 98.3 billion pesos BTr awards 8 billion pesos of 91-day T-bills at avg rate of 5.451% versus previous auction avg of 5.452% BTr awards 8 billion pesos of 182-day T-bills at avg rate of 5.524% versus previous auction avg of 5.565% BTr awards 12.6 billion pesos of 364-day T-bills at avg rate of 5.656% versus previous auction avg of 5.680%
The Star
5 days ago
- Business
- The Star
Manila's debt hits fresh high in April as govt borrowings rise
Since the beginning of the year, the country's debt has risen by 4.37% or 701.37 billion peso. — Philippine Daily Inquirer MANILA: The latest data from the Bureau of the Treasury (BTr) show state liabilities inched up by 0.41% or 68.89 billion peso (US$1.2bil) on a month-on-month basis. Since the beginning of the year, the country's debt has risen by 4.37% or 701.37 billion peso. While the government had to incur more borrowings in April to plug its budget deficit, the BTr said a rallying peso helped minimise the growth of obligations. The local currency has been gaining ground in the past weeks as US President Donald Trump's erratic trade policies bruise confidence in the US dollar. 'The government continues to follow a disciplined debt strategy, ensuring that borrowings support productive investments while keeping fiscal sustainability,' the bureau said. Broken down, domestic obligations, which accounted for 69.2% of the total debt load, went up by 1.85% to 11.59 trillion peso in April. The BTr said the increase was driven by robust demand for government securities, including the 300 billion peso benchmark bonds that the state offered during the month. The local currency's appreciation also reduced the peso equivalent of US dollar-denominated domestic securities by 3.85 billion peso. Meanwhile, external borrowings declined by 2.68% to 5.16 trillion peso because of the 124.74 billion peso decrease in the peso-value of foreign debt. — Philippine Daily Inquirer/ANN
GMA Network
7 days ago
- Business
- GMA Network
PH debt rises to new record P16.75 trillion as of end-April 2025
The Philippines' sovereign debt has increased to a fresh record-high as of end-April 2025 as the government continued its fundraising efforts to support budgetary requirements, data released by the Bureau of the Treasury (BTr) showed Tuesday. The national government's outstanding debt rose to P16.752 trillion, 0.41% higher than the P16.68-trillion debt stock recorded as of end-March. Despite the uptick, the Treasury said the government "continues to follow a disciplined debt strategy, ensuring that borrowings support productive investments while keeping fiscal sustainability." In an emailed commentary, Rizal Commercial Banking Corp. chief economist Michael Ricafort said the increasing debt pile was consistent with the continued budget deficit in recent months, thereby fundamentally increasing the need for the national government to borrow more to finance the budget deficit. Nevertheless, the BTr said the state's "fiscal deficit has also been steadily narrowing and is on track to drop to about 3.8% by 2028." "With the economy continuing to grow faster compared to its obligations, the country remains firmly on track to reduce the debt-to-GDP ratio to below 60% by the end of the President's term," the Treasury added. The government's domestic debt amounted to P11.59 trillion during the period, up 1.85% month-on-month due to "the strong demand for government securities, including P300 billion in benchmark bonds." Ricafort also cited the P300-billion 10-year Treasury notes issued in the latter part of April 2025, which was meant to fund the fiscal deficit. The Treasury said the issuance of P300-billion notes "reflects the investors' sustained confidence in the government's fiscal program." "With economic fundamentals remaining sound, the country continues to enjoy strong market access at reasonable rates," it said. "The local currency's appreciation also reduced the peso value of dollar-denominated domestic securities by P3.85 billion," it added. External debt, meanwhile, declined by 2.68% to P5.16 trillion by end-April, "primarily due to the P124.74 billion decrease in the peso value of external debt owing to peso appreciation, combined with net repayments of P58.28 billion." As of end-April 2025, the Treasury said domestic debt continued to account for the majority of the total debt stock at 69.2% while foreign obligations comprised 30.8%. "This is in line with the national government's thrust to reduce exposure to external vulnerabilities," the BTr said. The Treasury, moreover, said the state's debt portfolio "remains resilient" as 91.7% of obligations carry fixed interest rates and 82% are classified as long-term. "This structure helps insulate public finances from abrupt changes in interest rates and the market environment," it said. — VDV, GMA Integrated News
Business Recorder
27-05-2025
- Business
- Business Recorder
Philippines raises $356mn from T-bond offer
MANILA: Following are the results of the Philippine Bureau of the Treasury's (BTr) auction of reissued 2039 T-bonds on Tuesday: BTr partially awards 19.76 billion pesos ($356 million) of bonds from an offer of 30 billion pesos at an average rate of 6.473% Tenders total 34.47 billion pesos
