The agency reported that national debt rose 1.5 percent compared to the previous month’s revised figure at ₱8.47 trillion to “reflect the ₱300 billion short-term borrowing through the repurchase agreement with the Bangko Sentral ng Pilipinas .” Data showed that debts also increased year-on-year by 10.4 percent.
In April alone, peso appreciation slightly weighed down on-shore dollar bonds by ₱170 million in April alone. The Treasury reported that the peso continued its good performance against US dollar, improving to ₱50.44:$1 in May versus the ₱50.78 rate in April. External loans for April amounted to ₱87.34 billion as the government raises financing to fight the spread of COVID-19 in the country.
Government borrowings were expected to increase by April as it injects additional funds to its programs to fight COVID-19, and also due to a ₱560.5-billion decline in state revenues as businesses temporarily stop operations and consumers are unable to shop.
Lakas mangutang kasi...
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
PSC gets 90% fund cut from Pagcor in AprilThe Philippine Sports Commission only received P9 million in April, prompting the government agency to slash the allowances of national athletes and coaches. Ung kaldero benta niyo na. Ipatubog n yung kaldero 100M daw magiging value nun after SEA Games!! 😅😂🤣
Source: rapplerdotcom - 🏆 4. / 86 Read more »
PSC gets 90% fund cut from Pagcor in AprilThe Philippine Sports Commission only received P9 million in April, prompting the government agency to slash the allowances of national athletes and coaches. Ung kaldero benta niyo na. Ipatubog n yung kaldero 100M daw magiging value nun after SEA Games!! 😅😂🤣
Source: rapplerdotcom - 🏆 4. / 86 Read more »
15-year-old girl rescued from transmission tower in Cebu CityCEBU CITY, Philippines -- A 15-year-old girl who climbed a transmission tower in Sitio Sandayong, Barangay Guadalupe here was rescued by personnel from the Guadalupe Police Station and Cebu City
Source: cebudailynews - 🏆 8. / 71 Read more »
Putin sets July 1 for reform vote as Moscow lockdown easesUPDATED. President Vladimir Putin said that Russia will vote on July 1 on constitutional reforms that could extend his rule beyond 2024, pressing ahead with the plan despite the coronavirus pandemic. Gumaya na sa ginawa ng CCP para kay Xi Jin Ping. Syempre may maiinggit dito sa 'Pinas, kaya ipipilit na ng todo ang ChaCha para sa term extension. 👹👊💩
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Cash aid, energy and water supply, school subsidy included in Duterte's 10th report to CongressPresident Rodrigo Duterte is expected to submit the latest report on the government's response to COVID-19 this week, highlighting what has been done so far in the fight against the virus.
Source: CNN Philippines - 🏆 13. / 63 Read more »
‘Tondominium’ rising in Manila’s largest slum areaGROUNDBREAKING SITE. An empty lot at Vitas in Tondo District, Manila, will be the site for two 15-story buildings—a housing project that will house families living in the city’s biggest slum area. (📷: Manila PIO) Read:
Source: inquirerdotnet - 🏆 3. / 86 Read more »