The government’s reliance on local borrowings further jacked up the amount of outstanding treasury bills and bonds to a new high of P7.38 trillion in May.
The latest Bureau of the Treasury data showed that the outstanding T-bills issued by the national government rose to P1.07 trillion at the end of last month from P1.06 trillion in April. Outstanding T-bonds also increased to P6.31 trillion from P6.21 trillion a month ago.
Since April, the Treasury has been hiking its monthly domestic borrowing program. This month, the Treasury programmed to auction off P215 billion worth of bills and bonds, larger than the P170 billion each in April and May. The Treasury also increased the freque…
Keep on reading: Outstanding T-bills, bonds hit record P7.38T in May