The Bangko Sentral ng Pilipinas said it recorded an increase in local government borrowing requests in the second half of 2023.
It said these figures were higher by 15.2 percent and 13.5 percent, respectively, compared with the 138 requests amounting to P43.1 billion in the first semester of 2023. The MB rendered its opinion on 143 LGU proposed borrowings totaling P45 billion. The MB issuances were for 125 requests received in the second half of 2023 and 18 requests received in first semester of 2023.The remaining 34 requests received in the semester under review are awaiting the submission of complete information and/or documentary requirements by the borrowing institutions.
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