The national government plans to borrow P200 billion from the domestic market in May, the Bureau of the Treasury (BTr) said on Wednesday.
In a consultation, BTR said the borrowing plan for next month is the same amount programmed for April. However, the government was able to collect only P160.38 billion last month.
BTr will auction Treasury bills (T-bills) every week, which is expected to generate P60 billion.
The auction of Treasury bonds (T-bonds) is expected to generate P140 billion.
According to BTr, P5 billion of 91-day, 182-day and 364-day T-bill prices will be offered every Monday (May 2, 9, 16, and 23).
For the long term, BTr will raise P35 billion on three-year T-bonds on May 3, P35 billion on five-year instruments on May 10, P35 billion on seven-year loans on May 17 and P35 billion on May 10. May 24 Securities of the Year.
A businessman said in a Viber message that he did not expect the Treasury to reduce its debt next month.
A second trader said in an e-mail that Banco Central NG Polypinas (BSP) would soon begin normalizing monetary policy, with the amount of debt expected to increase.
BSP Governor Benjamin E. Diocono said Monday that the central bank may consider a rate hike in June. The monetary board is scheduled to meet on May 19.
Michael L., chief economist at Rizal Commercial Banking Corporation. Rickafort said government debt through Viber could increase after the May 9 national election.
“Consistent with the need to manage the growth of mature public securities after the election and after the lifting of election-time restrictions, public debt may increase again after the election,” he said.
The government borrows from local and foreign sources to limit the budget deficit to 7.7% of GDP this year.
The national government has a gross domestic debt program of P1.91 trillion this year. Of this amount, T-bills will generate P52 billion, while fixed-rate T-bonds will generate P1.86 trillion. – Tobias Jared Thomas