Marcos admin borrows ₱213.1B, up 5% from Jan 2024

The Marcos administration increased its borrowings primarily from domestic sources in January 2025, reaching a total gross financing of ₱213.1 billion.

This represents a nearly five percent increase from the ₱203.2 billion recorded in January last year according to the Bureau of the Treasury (BTr).

January's borrowings accounted for over eight percent of the government's planned total borrowings of ₱2.545 trillion for 2025.

Domestic debt rose by nearly eight percent, reaching ₱152.2 billion in January compared to ₱141.5 billion a year earlier.

The BTr raised funds through fixed-rate treasury bonds and short-dated treasury bills, increasing borrowings from T-bonds to ₱140 billion and T-bills to ₱12.2 billion.

Gross foreign debt slightly decreased by just over one percent to ₱60.9 billion in January compared to ₱61.6 billion a year earlier, but still exceeded the planned 20% share of total borrowings.