The Marcos administration will borrow as much as P1.12 trillion from the local debt market in the third quarter, leaning heavily on domestic financing amid global uncertainties, according to a report by Philstar Biz.
The decision to focus on domestic borrowing comes as the government seeks to minimize exposure to external shocks and volatile global markets, which have hampered foreign borrowing plans in recent months.
The Bureau of the Treasury is expected to issue a mix of Treasury bills and bonds to raise the funds, with auctions scheduled throughout the quarter to meet the target.