MANILA, Philippines — The Marcos administration plans to scale back local borrowing in the fourth quarter as its annual fundraising efforts wind down, the Bureau of the Treasury said.

According to a memo dated September 22, the government will raise ₱437 billion through weekly debt offerings from October to December. This quarter’s borrowing program is 36.7 percent smaller compared to previous periods.

https://business.inquirer.net/549233/govt-slows-down-local-borrowing-in-fourth-quarter