Marcos gov't borrowings drop 50% to P339.6B in Feb

In February, the Marcos government's gross borrowings fell nearly 50 percent to P339.6 billion despite issuing global bonds.

Data from the Bureau of Treasury showed that the administration reduced its borrowing by almost half compared to February 2024 and increased it by over 59% month-on-month from January.

The Philippines issued $3.3 billion in sustainability bonds but did not have any retail Treasury bond issuance, unlike the previous year.

Local borrowings were slashed by 78 percent to P140.8 billion due to the absence of a one-time debt from the previous year.

For the first two months of this year, government borrowing volume decreased by 36 percent compared to the same period in 2024.