The national government's total gross borrowings fell in May to P108 billion, driven by a contraction in domestic debt issuance even as external financing surged, according to Philstar Biz.
Domestic borrowings declined significantly, while foreign financing increased more than fourfold, reflecting the government's shifting debt strategy amid global market conditions.
The borrowing figures provide insight into the government's fiscal management as it navigates changes in investor appetite and international interest rates.