The national government’s gross borrowings in the first half of the year declined by 44.61 percent, breaching the trillion mark for the said period, data released by the Bureau of the Treasury (BTr) showed.
According to the latest cash operations report posted on the BTr website, the government’s gross borrowings in January to June amounted to P1.07 trillion lower than the P1.93 trillion raised a year ago.
Gross domestic borrowings for the period accounted for the bigger chunk amounting to P741.26 billion, down 55.02 percent from the year ago level of P1.65 trillion.
Of the said amount, P535.38 billion is in fixed rate treasury bonds, while P457.8 billion was accounted for by retail treasury bonds.
Meanwhile, a net redemption of P251.92 billion was recorded in treasury bills.
The BTr data showed gross external borrowings for the period rose by 15.58 percent, to P329.34 billion from P284.95 billion a year ago.
Project loans totaled to P46.85 billion while P136.6 billion was from program loans.
The government also raised P117.33 billion from the global bond issuance in March and P28.55 billion from Samurai bonds.
In June alone, the government recorded gross financing of P146.17 billion, 12.58 percent down from the P167.2 billion recorded a year ago.
Gross external borrowings rose 55.82 percent to P49.72 billion from the P31.91 billion posted in the same period in 2021.
Meanwhile, domestic borrowings also declined to P96.45 billion from P135.29 billion in June last year. – Angela Celis
