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Government seeks P540-billion support from BSP

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Bangko Sentral ng Pilipinas Governor Benjamin Diokno said the national government has requested additional financial assistance in the form of a provisional advance.

“The NG has requested for a fresh provisional advance of P540 billion to be settled on or before 29 December 2020, at zero interest,” Diokno said.

According to him, the request has not been approved yet but will be submitted to the Monetary Board soon.

In March, the BSP purchased some P300-billion worth of securities from the Bureau of the Treasury (BTr) to support government programs against the COVID-19 pandemic.

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