Tag: borrowing
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DoF to wait for rate cuts before borrowing abroad
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THE PHILIPPINE government will wait for rate cuts from the US Federal Reserve and Bangko Sentral ng Pilipinas (BSP) before its planned external borrowings next year, according to the Finance chief.
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Government raises borrowing program to P2.57 trillion
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THE NATIONAL GOVERNMENT (NG) is looking to borrow P2.57 trillion this year, mostly from the domestic market, the Department of Finance (DoF) said on Monday. In a statement, the DoF said this is 5% higher than its original P2.46-trillion program. National Treasurer Sharon P. Almanza said the revised borrowing plan…