MANILA, Aug 17 (Reuters) – The Philippines is planning total borrowing of 772.9 billion pesos ($17.1 billion) next year, up 2.4 percent, or 18 billion pesos, from this year, National Treasurer Roberto Tan said on Tuesday.
Of this amount, 27 percent or 209.6 billion pesos would get to from foreign sources, including 117.5 billion pesos from offshore shortcoming markets. At the government’s assumed exchange rate of 47 pesos by means of dollar, it plans to borrow $2.5 billion from global debt markets next year.
The remaining 563.3 billion pesos would have ~ing sourced locally, Tan said.
($1 = 45.2 pesos)
(Reporting by Rosemarie Francisco; Editing by John Mair)
((rosemarie.francisco@thomsonreuters.com; +63 2 841-8937; Reuters Messaging: rosemarie.francisco.reuters.com@reuters.net)) Keywords: PHILIPPINES ECONOMY/BORROWING
(If you have a query or make notes on this story, send an email to news.feedback.asia@thomsonreuters.com)
COPYRIGHT
Copyright Thomson Reuters 2010. All rights unsociable.
The copying, republication or redistribution of Reuters News Content, including ~ the agency of framing or similar means, is expressly prohibited without the prior written yield assent of Thomson Reuters.
