For the month of April alone, borrowings inched up by 3.35 percent to P37.92 billion from P36.692 billion in the same month last year. Treasury bonds, meanwhile, accounted for P161.50 billion of the total domestic borrowings during the period, while Treasury bills raised P127.78 billion. On the other hand, the BTr said foreign borrowings in the first four months declined by 7.74 percent to P136.41 billion from P147.86 billion in the same period last year. In 2018, the national government borrowed P947.55 billion from both domestic and foreign lenders, up 5.09 percent from P901.67 billion in 2017. Of the total borrowings this year, P297.2 billion is projected to come from foreign lenders, while the remaining P891.7 billion would be sourced from domestic creditors.

Source: Philippine Star June 23, 2019 16:01 UTC