The national government’s gross borrowings in 2022 stood at P2.16 trillion, 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 December 2022 declined by 16.12 percent versus the year ago level of P2.58 trillion.
Gross domestic borrowings for the period accounted for the bigger chunk amounting to P1.64 trillion, down 18.26 percent from the year ago level of P2.01 trillion.
Of the amount, P1.19 trillion is in fixed rate treasury bonds, while P834.48 billion was accounted for by retail treasury bonds.
A net redemption of P385.78 billion was recorded in treasury bills.
The BTr data also showed gross external borrowings for the period declined by 8.54 percent, to P520.09 billion from P568.67 billion a year ago.
Project loans totaled to P120.68 billion while P136.6 billion was from program loans.
The government also raised P234.26 billion from its global bond issuances and P28.55 billion from Samurai bonds.
In December alone, the government recorded gross financing of P59.43 billion, a reversal of the P196.11 billion contraction a year ago.
Gross domestic borrowings amounted to P32.96 billion while foreign borrowings stood at P26.48 billion.
The BTr earlier reported the national government’s budget deficit narrowed to P1.61 trillion in 2022 amid a strong revenue performance last year.
According to the BTr’s latest cash operations report, the deficit last year fell within the ceiling of P1.65 trillion and the previous year’s level of P1.67 trillion.
The 2022 deficit is equivalent to 7.33 percent of gross domestic product (GDP), down from 8.6 percent in 2021 and below the 7.58 percent program.
