More domestic borrowings eyed to fund wider deficit - BusinessWorld Online

More domestic borrowings eyed to fund wider deficit - BusinessWorld Online

THE GOVERNMENT is still planning to source additional borrowings from the domestic market to fund the ballooning budget deficit. “We’re still finalizing the details of our borrowing program, but we’re still targeting the 80-20 [local to foreign] funding split,” National Treasurer Sharon P. Almanza said in a Viber message. The government is looking to hike its borrowing program to P2.6 trillion this year from P2.55 trillion previously, to fund th…