BSP upgrades debt management system

THE BANGKO SENTRAL ng Pilipinas (BSP) has enhanced its external debt monitoring and analysis by shifting to the latest version of the Debt Management and Financial Analysis System (DMFAS). “The DMFAS 6 has strengthened security to ensure data integrity and confidentiality and an enhanced user experience and navigation. It also offers enhanced analytical and managerial […]

Gov’t debt hits record P12.03T

The National Government’s outstanding debt hit a record P12.03 trillion at the end of January after it got another zero-interest loan from the central bank and borrowed locally, according to data from the Treasury bureau.  The end-January debt level rose by 16.5% from a year earlier and by 2.6% from December.  About 70% of the […]

Fitch cites potential credit rating cut

By Jenina P. Ibañez, Senior Reporter  Rising public debt could lead to a credit rating downgrade for the Philippines in the next few years, Fitch Ratings said.  The rating company would consider the country’s public debt-to-gross domestic product (GDP) ratio in the medium term, especially as finances in the Asia Pacific improve, it said in a note on Friday.  […]