The national government’s total gross borrowings from January to November last year contracted by almost a fifth on an annual basis to P2.104 trillion, the latest Bureau of the Treasury (BTr) data showed.
THE national government’s total gross borrowings from January to November last year contracted by almost a fifth on an annual basis to P2.104 trillion, the latest Bureau of the Treasury data showed.
The decline in gross borrowings was due to contractions in both domestic and foreign borrowings by the national government last year. The lion’s share of gross domestic borrowings during the reference period came from Fixed Rate Treasury Bonds at P1.136 trillion, followed by Retail Treasury Bonds at P834.479 billion.
Of the total gross foreign borrowings, program loans and multitranche dollar-denominated global bonds amounted to P136.604 billion and P234.259 billion, respectively. Gross domestic borrowings in November 2022 more than quadrupled year-on-year to P75.907 billion while gross foreign borrowings more than doubled on an annual basis to P21.958 billion, BTr data showed.
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