The Bureau of the Treasury plans to raise P585 billion for budgetary support in the first quarter through the weekly auctions of treasury bills and bonds.
The fresh treasury issuance between January and March—P195 billion treasury bills and P390 billion treasury bonds—is part of the planned P2.47 billion domestic borrowing plan to help fill a budgetary deficit projected at P1.4 trillion under the 2024 national budget.
For the whole of 2024, the government plans to issue P672.1 billion treasury bills—debt papers with maturity of one year or less, and P1.8 trillion with maturities ranging from 3 years to 20 years.
For January, the National Treasury plans to raise P75 billion via auction of treasury bills and P120 billion from the sale of bonds.
A total P120 billion in treasury bills will be sold in February and March, or P15 billion for each of the eight weeks on two months.
Treasury bonds worth P150 billion will be sold in February, or P20 billion each week, and P120 billion for the whole month of March.
