Gov’t misses debt target again

Figures from the central bank show that bidders for the government treasury bills and bonds on offer at the April 24 auction, were particularly reluctant to take up notes at the longer end of the spectrum, potentially signalling some concerns about future economic trends.

Government is counting on its domestic debt programme to primarily support the forecast P22.1 billion deficit for the 2025–2026 financial year, with external loans playing a smaller role.