THE National Government (NG) is planning to borrow P629 billion from the domestic market in the first quarter of 2025, as it seeks to frontload borrowings ahead of the May elections, the Bureau of the Treasury (BTr) said on Monday.
In a notice on its website, the BTr said it seeks to raise P264 billion from the issuance of Treasury bills (T-bills) and P365 billion via Treasury bonds (T-bonds) in the January-to-March period.
“Higher offering amounts per auction of Treasury bills and Treasury bonds could also frontload/hedge some NG borrowings before the May 2025 midterm elections,” Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort told BusinessWorld.
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