Govt raises P2.3 billion to support budget

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The fiscus recently received a P2.37 billion injection as local markets responded to the first papers out of government's new P10 billion capital raising programme.

Parliament recently authorised the extension of the 2008 P5 billion-bond issuance programme, by another P10 billion, to enable government to support public coffers which have recorded successive deficits since 2009.

With external borrowings having reached their statutory cap, a P6.93 billion deficit expected in the current financial year and the original 2008 programme having been exhausted last September, the latest injection is timely.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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