Gov’t borrowings increase in June

By on August 18, 2015

pesos money peso (3)

MANILA — Government borrowings increased by 33 percent reaching  P35.47 billion in June.

Compared to year ago results, the figure grew, owing to the increase in loans from foreign sources, according to a data from the Bureau of Treasury.

The borrowings are mainly sourced from bills (T-bills) auctioned by the government on a regular basis and from fixed rate treasury bonds (T-bonds).

In the first half of 2015, the government borrowed P186.247 billion. The figure is higher than the P174.203 billion recorded in the same period last year.

Loans from external sources also increased to P14.960 billion from P517 million in the same month last year.

Increase in loans from external sources, was meanwhile, owing to the sharp jump in program loans by up to  P46.477 billion as of June.