MANILA (Philippine Daily Inquirer/ANN): The Philippines’ borrowings from January to October hit P3.22 trillion, exceeding the P3-trillion full-year programme as the national government secured another P540 billion from the central bank Bangko Sentral ng Pilipinas (BSP) last month to bolster its war chest for Covid-19 response.
End-October gross domestic borrowings amounted to a record P2.65 trillion, bloated by the P840 billion in short-term borrowings through the BSP and the Bureau of the Treasury’s repurchase agreement, the latest national government financing data showed.