The total outstanding debt of the Philippine government declined in September by P80.9 billion to P14.27 trillion due mainly to net repayments of both domestic and foreign debts during the month.
The Bureau of Customs (BOC) exceeded its nine-month collection goal by 2.5 percent to P660.4 billion or by P16.2 billion instead of only P644.2 billion under the program, the Bureau of the Treasury under Bienvenido Y. Rubio, said.
The budget deficit widened in September this year to P179.5 billion, just a shade under 60 percent from last year's P119.9 billion and the result of far more expenses this year than there were receipts generated, the Bureau of the Treasury said.
The National Treasury plans to raise a total P225 billion through the issuance of treasury bills and bonds in November.The government issues treasury bills...