The Treasury's income in the first seven months jumped 30.9 percent year-on-year to P102 billion as its July collection grew by more than a fifth, 'mainly driven by higher income from national government deposits, investment from the bond sinking fund
, guarantee fees and the national government's share from Pagcor (Philippine Amusement and Gaming Corp.) income.'
Under amortization, agrarian reform beneficiaries (ARB) were allotted P344 million while the bond sinking fund
(BSF) received P25.649 billion in the local front.
Revenues generated by the BTr for November likewise improved by 10 percent year-on-year to P4.7 billion due to higher income from national government deposits and the bond sinking fund
or securities stabilization fund, dividend collections from state corporations, and the national government's share in the income of the Philippine Amusement and Gaming Corp.
"Of the total borrowings, P624.4 billion will be used to finance the deficit, settle P146.3 billion in maturing debt obligations, and the balance includes contributions to the bond sinking fund
, and maintain sufficient cushion of cash in the Treasury," Zamora said.
GG debt consists of the outstanding obligation of the national government, the Central Bank Board of Liquidators, social security institutions and the local government units (LGUs) minus that held by the Bond Sinking Fund
Meanwhile, total Bureau of Treasury income for the year rose 15% to P93.4bn due to the agency's proactive cash and investment management as reflected in the Bond Sinking Fund
(BSF) and national government deposits income, as well as dividends on shares of stocks.
to a certain extent by the presence of a bond sinking fund
Under amortization for the month, the majority of the payments went to the domestic Bond Sinking Fund
(BSF) of P70.870 billion with foreign accounts at P3.592 billion.
DFG said the increase in the national government's outstanding debt last year was due to the Bond Sinking Fund
(BSF) which is only allowed to invest state debt papers.
De Leon said the BTr is discussing the obligations of its 10 market makers, as well as their privileges, which include the access to the bond sinking fund
Domestic amortization, which reflected actual principal repayments to creditors, including those serviced by the Bond Sinking Fund
(BSF), amounted to P257.7 billion.
Furthermore, domestic amortization totaled P86.350 billion for the month due to redemptions, which is comprised of the Bond Sinking Fund
and the agrarian-reform beneficiaries, while foreign amortization comprised P4.185 billion of the total.