Table D.1
NATIONAL GOVERNMENT FINANCING, 2001-2003
(In million pesos)
Particulars			2001	2002	2003
GROSS FOREIGN BORROWINGS			68,482	155,729	182,766
	Project Loans		24,747	26,309	38,308
	Program Loans		1,340	24,756	26,008
		ADB Power Restructuring	_	5,050	_
		ADB Grain Sector	_	_	2,060
		ADB Education Sector Dev	_	_	2,060
		ADB Non Bank Financial	_	_	5,150
		WB Social Expenditure I	_	2,778	_
		WB Education Sector Dev Program	_	_	2,060
		WB Social Expenditure II	_	_	1,803
		JBIC Co-financing Power Sector	_	10,169	5,150
		JBIC Co-financing MM Air Quality	_	5,050	_
		JBIC Public Sector Reform	_	_	5,150
		US PL 480 Commodity	1,340	1,709	_
		Export Competitiveness	_	_	2,575
	Bonds		42,395	104,664	118,450
	Less: Amortization		45,567	93,052	86,646
NET FOREIGN BORROWINGS			22,915	62,677	96,120
GROSS DOMESTIC BORROWINGS			206,358	202,732	142,101
	Treasury Bills		(30,033)	(18,740)	5,685
	Fixed Term Deposits		2,566	1,410	_
	Retail Treasury Bonds		37,994	62,930	_
	Fixed Rate Treasury Bonds		186,061	157,132	136,416
	Agri-Agra Bonds		2,770	_	_
	Dollar Linked PhP Notes		7,000	_	_
	Less: Amortization		54,038	75,054	101,583
NET DOMESTIC BORROWINGS			152,320	127,678	40,518
NET FINANCING			175,235	190,355	136,638
CHANGE IN CASH			(22,229)	15,078	(3,909)
Budgetary Accounts	Budgetary Accounts		28,212	60,355	(5,495)
Non-Budgetary Accounts	Non-Budgetary Accounts		(50,441)	(45,277)	1,586
TOTAL FINANCING REQUIREMENTS			147,023	130,000	142,133
Source: Bureau of Treasury