The national government’s total gross borrowings from January to April declined by slightly over 6 percent year-on-year due to lower domestic borrowing despite the uptick in its external financing.
HE national government’s total gross borrowings from January to April declined by slightly over 6 percent year-on-year due to lower domestic borrowing despite the uptick in its external financing.
The decline in gross borrowings was due to double-digit contraction in domestic borrowings, outpacing the 22-percent hike in external gross borrowings, based on Treasury data. The lion’s share of gross domestic borrowings during the reference period came from Fixed Rate Treasury Bonds at P461.15 billion, followed by Retail Treasury Bonds at P283.763 billion.Data from the Treasury also showed that gross foreign borrowings in the January-to-April period rose by 22.76 percent to P328.883 billion from P267.905 billion recorded in the same period of 2022.
For April 2023 alone, the national government’s gross borrowings rose by 31 percent to P125.23 billion from P95.588 billion a year ago, Treasury data showed.
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