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Gov’t to borrow P135B from domestic market next month

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The Bureau of the Treasury plans to raise in December a total of P135 billion from the sale of T-bills and T-bonds as the national government is expected to spend hundreds of billions of pesos more than its revenues. | RonWDomingoINQ /PDI

In recent weeks, the BTr was not able to raise the amounts as planned because lenders had asked for higher premiums in the form of steep interest rates as a safety net against surging inflation.

The government’s spending program leaves space for P1.3 trillion in deficit spending for 2022—P300 billion more in the fourth quarter after the January to September period saw the government spend P1 trillion. “The tax effort, defined as taxes as percent of GDP, rose to 15.3 percent from 14.8 percent in 2021,” he added.

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RonWDomingoINQ pang confidential funds lang yan. sana yung 31million na bumoto ng walang kuentang pangulo na lang magbayad ng utang na yan

RonWDomingoINQ This good to some & very bad for others. Time to process things w/ the banks & buy bonds. Another means to offset the skyrocketing inflation. 😉

RonWDomingoINQ Utang utang utang😅😅😅😅😆😆😆😆😆😆

RonWDomingoINQ Who will pay?... All pinoys.. exepts politicians that are tax evaders? Wow

RonWDomingoINQ Live within our means daw

RonWDomingoINQ Ilang bilyon ulet ang confi funds? Baka pwede kaltasan para inde na masyado malaki ang uutangin...

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Gov’t to borrow P135B from domestic market in Dec. - BusinessWorld OnlineTHE GOVERNMENT plans to borrow P135 billion from the domestic market in December, the Bureau of the Treasury (BTr) said.
ソース: bworldph - 🏆 9. / 68 続きを読む »