Peso volatility won't alter 2025 borrowing program - BTr

The Philippine government's borrowing strategy remains unaffected by the peso's volatility, with the planned 80-20 borrowing mix between domestic and external sources holding steady for 2025.

-  KEISHA TA-ASAN

Speaking on the sidelines of the 41st ASEAN Social Security Association (ASSA) Meeting, National Treasurer Sharon Almanza said fluctuations in the peso-dollar exchange rate have already been factored into the government's debt servicing and budget projections.

"When we do projection and budget, both on the debt and the cost of servicing, it's within the DBCC [Development Budget Coordination Committee] projection," Almanza said, referencing the economic body's full-year currency range forecasts.

The peso has faced recent depreciation pressures amid a stronger dollar, driven by heightened uncertainty over US economic policies and Philippine monetary policy.