Government hikes borrowings to P479 billion in FebruaryData from the Bureau of the Treasury showed that the administration ramped up its gross borrowings by 41 percent to P478.77 billion from P339.55 billion in the same month in 2025 despite a sharp cut in foreign borrowings. MANILA, Philippines — The Marcos administration’s gross borrowings grew by 41 percent to P479 billion in February, driven by an increase in domestic issuances. In February, the government’s domestic borrowings reached P468.24 billion, more than triple the P140.80 billion recorded in 2025. It was made up of P412.94 billion in fixed-rate Treasury bonds and P55.30 billion in Treasury bills. The government more than doubled its local borrowings to P684.34 billion as of end-February, while foreign borrowings declined by 22 percent to P202.66 billion.

Source: Philippine Star April 12, 2026 16:44 UTC