Friday, May 1, 2026
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Tag: borrowing

VAT reduction to hurt gov’t finances—Recto

Department of Finance (DOF) Secretary Ralph Recto warned on Thursday that proposals to lower the value-added tax (VAT) rate could severely damage government finances,...

Philippine government debt surpassed P17.5-trillion mark in July 2025

The Philippine government's debt surpassed the P17.5-trillion mark for the first time in July 2025 as it climbed 11.9 percent year-on-year, according to data...

BSP keeps borrowing and lending rates steady

The Monetary Board, the policy-making body of Bangko Sentral ng Pilipinas, on Thursday kept the benchmark interest rates steady amid low inflation and robust...
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