The Philippine government raised 585 billion pesos ($10.5B) through small-denominated treasury bonds, supporting projects and filling budget gaps.
The Philippine government set a new record, raising 585 billion pesos ($10.5 billion) through the sale of small-denominated treasury bonds. The funds will support government projects and help fill a budget shortfall. The latest sale, the fourth retail bond offer under President Ferdinand Marcos Jr., will help fund various projects such as agriculture, infrastructure, education, and healthcare. The Marcos administration aims to narrow the budget deficit to 3% of the country's GDP by 2028.
February 25, 2024
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