BY Angela Lorraine Celis
The national government’s gross borrowings in 2021 declined by 5.91 percent amounting to P2.58 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 2021 was lower than the P2.74 trillion raised a year ago. It is also well within the full-year program of P3.07 trillion.
Gross domestic borrowings in 2021 accounted for the bigger chunk amounting to P2.01 trillion, which inched up 0.59 percent versus the year ago level of P2 trillion.
Of the said amount, P1.26 trillion is in fixed rate treasury bonds, P823.33 billion was accounted for by retail treasury bonds, while P80.84 billion came from the retail onshore dollar bonds.
Meanwhile, a net redemption of P153.34 billion was recorded in treasury bills.
The BTr data also showed that gross external borrowings for the period declined 23.4 percent to P568.67 billion from P742.41 billion a year ago.
Project loans totaled to P110.24 billion while P166.1 billion was from program loans.
The Philippine government also raised P121.97 billion from euro bonds and P24.19 billion from its samurai bonds issuances, both in April.
Global bonds in July meanwhile accounted for the remaining P146.17 billion.
For this year, the government has a gross borrowings program of P2.47 trillion, of which P1.91 trillion will be domestic and the remaining P560.58 billion will be external financing.
