The National Government’s (NG) outstanding debt rose to a record-high P12.79 trillion at the end of June, beating the previous high of P12.76 trillion in April. Preliminary data from the Bureau of the Treasury (BTr) showed outstanding debt inched up by 2.4% from end-May’s P12.49 trillion “due to the net issuances of domestic and external […]
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Marcos’ economic team optimistic on growth outlook despite headwinds
by Diego Gabriel C. Robles President Ferdinand Marcos Jr.’s economic team remains optimistic that growth momentum will be sustained this year, despite rising inflation and a darkening global economic outlook. After a meeting on Friday, the Development Budget Coordination Committee (DBCC) said in a statement that it adjusted macroeconomic assumptions, fiscal program and growth targets […]
PH total debt slightly declines to P12.50 trillion in May
THE Philippine government’s total outstanding debt settled at P12.50 trillion as of the end of May, 2.1 percent lower compared to the previous month, the Bureau of Treasury (BTr) reported Friday.BTr said the decrease was due to the repayment of provisional advances from the central bank.Out of the total debt stock, 30.7 percent was sourced […]
WIKA Books Rp17.81 Trillion in 2021 Sales, 7.7% Higher Than 2020; Positive Recovery Indicator in 2021
JAKARTA, Mar 21, 2022 – (ACN Newswire via SEAPRWire.com) – PT WIJAYA KARYA (Persero) Tbk. [IDX: WIKA] booked Rp17.81 trillion in sales 2021 as recorded in the financial statement for the period ended on 31 December 2021. This achievement was 7.7% higher compared with 2020. The largest contributor to sales was the infrastructure and building […]
DBM says 98.6% of 2021 budget released as of November
THE Department of Budget and Management (DBM) said the 2021 budget is 98.6% released as of the end of November, equivalent to P4.441 trillion in the year to date. According to data issued by the DBM Thursday, the unreleased portion of the P4.5-trillion budget amounts to P64.84 billion. Releases to government agencies accounted for P2.523 […]
NG debt hits P11.9 trillion as of end-September
By Jenina P. Ibañez, Reporter The national government’s outstanding debt rose to P11.9 trillion as of the end of September as the peso depreciated against the US dollar, preliminary data from the Bureau of the Treasury (BTr) showed. The end-September debt level was 27.2% higher than last year’s figure, and was 2.41% higher than […]
DBM says 85% of budget released in first half
THE DEPARTMENT of Budget and Management (DBM) said it released 85.1% of this year’s budget in the first half. The DBM said allotment releases hit P3.833 trillion in the six months to June, against a budget of P4.5 trillion for 2021. That leaves the DBM P673 billion to release in the second half of the […]
Outstanding T-bills, bonds hit P7.2 trillion as of March
OUTSTANDING Treasury bills (T-bills) and Treasury bonds (T-bonds) issued by the government rose to P7.203 trillion as of March as it completed its first retail bond sale for the year, data from the Bureau of the Treasury (BTr) showed. Latest BTr data released on Wednesday showed outstanding government securities went up by 5.58% from the […]
BIR collections overshoot target despite pandemic
DIGITALIZATION efforts as well as an intensified campaign against delinquent taxpayers and tax dodgers have enabled the Bureau of Internal Revenue (BIR) to collect P1.94 trillion, surpassing its revised target for 2020. Of the total, P1.67 trillion or 86 percent were collected through electronic payment channels. Of the P1.67 trillion collected through e-channels last year, […]