September 1, 2025 | 12:00am
MANILA, Philippines — The nationwide authorities’s borrowing in July declined by almost 12 % in comparison with the identical month final yr, with knowledge displaying lowered reliance on home sources whilst exterior borrowing posted an will increase.
Based mostly on paperwork from the Bureau of the Treasury (BTr), the nation’s gross borrowing declined to P166.1 billion from P188.7 billion a yr in the past.
Gross exterior debt added P5.5 billion to its pile of P13.6 billion, which is equal to a virtually 70 % enhance from the P8 billion recorded in July final yr.
However, gross home borrowing declined by 15.5 % to P152.5 billion from P180.6 billion a yr in the past.
Regardless of the decline, home borrowing accounted for 91.8 % of the federal government’s complete financing share for the month of July, whereas the remainder was in exterior borrowings.
From January to July, gross borrowing of the federal government stood at P1.76 trillion, roughly unchanged from the extent recorded in the identical interval final yr.
Damaged down, exterior gross borrowing surged by almost 51 % at P415.9 billion from the earlier yr’s stage of P275.5 billion.
In the meantime, home gross borrowing declined to P1.34 trillion, which is equal to a 9.46 % shortfall from final yr’s P1.48 trillion.
The nationwide authorities lowered its borrowing program for the third quarter of this yr to P690 billion, decrease than the P735 billion set within the prior quarter, indicating a major cutback in issuing long-term debt securities.
Lately, the federal government has raised P507.16 billion from the not too long ago concluded sale of retail Treasury bonds amid a “very sturdy” market demand, in keeping with the BTr.
Of the overall quantity, the thirty first tranche of RTBs raised P425.51 in contemporary funding.
Earlier, Nationwide Treasurer Sharon Almanza stated the public sale of the thirty first RTBs was ‘some of the profitable’ because of the excessive market demand and attributed the market have to the maturity of the bonds, which is about at 5 years.