Daily News

Gov’t cash buffer still healthy

The government still has a healthy cash buffer to fund programs despite the one-month extension of the deadline for income tax filing and payments, according to the Bureau of the Treasury (BTr). National Treasurer Rosalia de Leon said the government coffer is still awash with cash following the successful issuance of retail Treasury bonds (RTBs) last month and the regular weekly auctions of government securities. Last February, the national government successfully raised P310.8 billion from the issuance of three-year retail treasury bonds (RTBs), the highest volume recorded for any of its retail offering.