Gov’t borrowings down in early ‘25

The national government lowered its borrowings to P1.14 trillion from January to April 2025, down by P28 billion from last year’s P1.16 trillion, mainly due to the massive decline in borrowings from local lenders.

- By DERCO ROSAL

According to the Bureau of the Treasury (BTr), the January-to-April figure was 2.4 percent lower than the government’s gross revenue recorded in the same period last year.

As of end-April, gross borrowings accounted for 44.7 percent of the government’s total planned borrowings of 2.55 trillion for the year.

Gross domestic debt stood at P835.5 billion, significantly dropping by 19.6 percent from the government’s gross domestic loans in the previous year at P1.04 trillion

It accounted for 73.3 percent of the total borrowings, falling short of the government’s 80 percent target share of the total borrowings. This year, the government plans to acquire 20 percent of its financing from foreign sources and 80 percent from domestic sources, resulting in an 80:20 borrowing mix.