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Outstanding treasury debt surges 31% to P6.69T

Outstanding treasury debt surges 31% to P6.69T

The amount of outstanding debt paper issued locally ballooned to a new high of P6.69 trillion at the end of 2020 on the back of the record sale of “premyo” bonds in December. As the government relied heavily on domestic borrowings to finance the budget deficit and its fight against COVID-19, outstanding treasury bills and bonds jumped 31 percent from P5.13 trillion...

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Bureau of the Treasury COVID-19 Carlos Dominguez III Dominguez Treasury