Mit Magzter GOLD unbegrenztes Potenzial nutzen
Erhalten Sie unbegrenzten Zugriff auf über 9.000 Zeitschriften, Zeitungen und Premium-Artikel für nur
Versuchen GOLD - Frei
Gov't borrowings inch up to P2.19 T
The Philippine Star
|March 04, 2024
The Philippines slightly increased its borrowings to P2.19 trillion last year amid a high-interest rate environment here and abroad, with the government almost hitting its entire financing program.
Latest data from the Bureau of the Treasury showed total borrowings in 2023 inched up by 1.38 percent from P2.16 trillion in obligations in 2022.
By end-2023, the government had used up 99.2 percent of the P2.21-trillion borrowing plan it crafted for last year.
It should be noted that interest rates remained high last year as inflation sizzled, both on the global and domestic front.
The Bangko Sentral ng Pilipinas (BSP) even took an off-cycle rate hike in October that brought the benchmark interest rate to a 16-year high of 6.5 percent.
A high-interest rate environment simply means that borrowing is more costly for the Philippines.
Diese Geschichte stammt aus der March 04, 2024-Ausgabe von The Philippine Star.
Abonnieren Sie Magzter GOLD, um auf Tausende kuratierter Premium-Geschichten und über 9.000 Zeitschriften und Zeitungen zuzugreifen.
Sie sind bereits Abonnent? Anmelden
WEITERE GESCHICHTEN VON The Philippine Star
The Philippine Star
Iloilo bet crowned sprint king
A new sprint king has reached the summit of the National Youth Games now known as Batang Pinoy.
1 min
October 30, 2025
The Philippine Star
Charting a shared course: New Zealand, the Philippines and ASEAN
Two years ago, the Royal New Zealand Navy's HMNZS Aotearoa sailed into Philippine waters, for the first time, on a mission of goodwill.
3 mins
October 30, 2025
The Philippine Star
NAIA: A year of change
It’s now been a little more than a year since the Ramon Angled consortium took over the operations and maintenance of the Ninoy Aquino International Airport (NAIA) on Sept. 14, 2024, and what a year it has been for the airport operator.
3 mins
October 30, 2025
The Philippine Star
Lifelong
rom rece
1 min
October 30, 2025
The Philippine Star
Marcos signs law banning POGOS
President Marcos has signed a law banning Philippine offshore gaming operators, more than a year after he ordered a crackdown on the POGOs, which have been linked to cyberscams, money laundering, human trafficking and other illegal activities.
3 mins
October 30, 2025
The Philippine Star
BARON GEISLER FINDS A MENTOR IN 'DELIVERY RIDER' DIRECTOR LESTER PIMENTEL ONG
BARON GEISLER RECENTLY SHARED HOW HE FOUND A MENTOR AND FATHER FIGURE, who continues to inspire him on and off the set, in “Delivery Rider” director Lester Pimentel Ong.
3 mins
October 30, 2025
The Philippine Star
A fascination with the world of maps
My fascination with maps began during my grade school days when I became obsessed with reading historical fiction books and books about other countries.
3 mins
October 30, 2025
The Philippine Star
Lifelong learning law signed
President Marcos has signed the Lifelong Learning Development Framework (LLDF) Act into law, which aims to promote functional literacy at all levels of society.
1 min
October 30, 2025
The Philippine Star
Magno sworn in as NBI OIC
Angelito Magno has formally assumed leadership of the National Bureau of Investigation as officer-in-charge, following President Marcos’ acceptance of the resignation of former NBI director Jaime Santiago.
1 min
October 30, 2025
The Philippine Star
PNP mobilizes units vs profiteering, hoarding
Hoarders and profiteers will be apprehended as the Philippine National Police has mobilized units to assist in keeping the prices of essential goods affordable.
1 min
October 30, 2025
Translate
Change font size