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                    [ArticleID] => 261673
                    [Title] => Gov’t to issue P5-B zero coupon bonds
                    [Summary] => The National Government (NG) will issue some P5-billion worth of five-year zero coupon bonds to help bankroll its budget deficit for the remainder of the year. 


Pressed to meet its P197.8-billion fiscal deficit target for 2004, the government has been resorting to heavy borrowings since the start of the year as the improvement in revenue collections still cannot compensate for the public expenditure needs. 


                    [DatePublished] => 2004-08-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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ASIA-PACIFIC SOVEREIGN AND INTERNATIONAL PUBLIC FINANCE RATINGS GROUP

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                    [ArticleID] => 261673
                    [Title] => Gov’t to issue P5-B zero coupon bonds
                    [Summary] => The National Government (NG) will issue some P5-billion worth of five-year zero coupon bonds to help bankroll its budget deficit for the remainder of the year. 


Pressed to meet its P197.8-billion fiscal deficit target for 2004, the government has been resorting to heavy borrowings since the start of the year as the improvement in revenue collections still cannot compensate for the public expenditure needs. 


                    [DatePublished] => 2004-08-18 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1096655
                    [AuthorName] =>  Des  Ferriols
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                    [URL] => 
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abtest

Gov’t to issue P5-B zero coupon bonds

By Des Ferriols | August 18, 2004 - 12:00am

The National Government (NG) will issue some P5-billion worth of five-year zero coupon bonds to help bankroll its budget deficit for the remainder of the year. Pressed to meet its P197.8-billion fiscal deficit...

Business