Gov’t borrowings jumped 41% in February to P 478.8B

The Marcos administration’s borrowing mix swung heavily onshore in February, with domestic debt carrying nearly the entire burden of the month’s financing needs following a fresh Treasury bond (T-bond) issuance. Latest data from the Bureau of the Treasury (BTr) showed that gross borrowings surged 40.9 percent to P478.8 billion in February from a year earlier,