Gov’t reduced borrowings in first six months

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The government’s gross borrowings fell 11 percent to P140.23 billion in June 2024 from P158.95 billion in the same period last year despite the wider trade deficit, according to the Bureau of the Treasury.

The government raised P22.48 billion from the sale of Treasury bills and P110.22 billion from fixed-rate Treasury bonds in June. The Treasury said of the total six-month figure, foreign financing amounted to P267.41 billion, while domestic borrowings amounted to P1.30 trillion.

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MlaStandard /  🏆 20. in PH

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