BTr eyes raising P80B in Dec

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    The Bureau of the Treasury (BTr) intends to raise P80 billion next month.

    The BTr said it will be raising P5 billion of 91-day tenor Treasury bills, P5 billion of 182-day tenor and P10 billion of the 364-day T-bills on December 2, 9 and 16, 2020.

    The BTr at the same time said it is set to raise P30 billion of the three-year securities and another P30 billion of the seven-year debt papers on December 7 and 13, 2020.

    The government on Wednesday said it registered a budget deficit of P61.4 billion in October, 24.56 percent up from last year’s P49.3 billion.

    Year-to-date, the deficit grew to P940.6 billion, almost threefold of last year’s P348.3 billion 10-month deficit.