The national government’s running tally of its gross borrowings as of end-November declined to P3.05 trillion as the Bureau of the Treasury netted out the amount it repaid to the central bank last September.
Unlike the end-October report, which showed a total of P840 billion (short-term borrowings from the Bangko Sentral ng Pilipinas (BSP) amounting to P300 billion in March and P540 billion in October), the Treasury’s latest figures for November instead deducted the repayment for the first tranche in September from the year-to-date tally.
As such, the end-November total gross borrowings dropped from P3.22 trillion as of October.
National Treasurer Rosalia de Leon earlier explain…
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