Bureau of the Treasury MANILA, Philippines — The national government sharply ramped up its borrowing in July, raising nearly P300 billion as it turned to the domestic market for the bulk of
Bureau of the Treasury
MANILA, Philippines — The national government sharply ramped up its borrowing in July, raising nearly P300 billion as it turned to the domestic market for the bulk of its financing needs.
Latest data from the Bureau of the Treasury (BTr) showed that gross borrowings surged by 75 percent to P291.38 billion in July from P166.12 billion in the same month last year.
READ: Gov’t maintains borrowing plan despite Umic transition–DOF
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