Table D.1
NATIONAL GOVERNMENT FINANCING 2002-2004
In Million Pesos
Particulars					2002	2003	2004
SURPLUS/(DEFICIT)					(210,741)	(202,000)	(197,816)
NET FINANCING					264,158	198,553	141,288
	Foreign Borrowings (Net)				109,113	95,282	21,230
		Foreign Borrowings (Gross)			200,267	188,460	123,833
			Program Loans		18,018	29,700	-
				ADB Power Sector Restructuring	5,359	-	-
				ADB Non-Bank Financial	-	5,400	-
				ADB Metro Air Quality Program	-	5,400	-
				JBIC Metro Air Quality Program	-	5,400	-
				JBIC Power Sector Reform Loan	10,548	5,400	-
				World Bank Power Sector Reform	-	5,400	-
				Social Expenditure Mgt. II	520	1,620	-
				US PL 480 Commodity	1,591	1,080	-
			Project Loans		35,168	29,160	23,933
			Bonds and Other Inflows		147,081	129,600	99,900
		Less: Amortization			91,154	93,178	102,603
	Domestic Borrowings (Net)				155,045	103,271	120,058
		Domestic Borrowings (Gross)			235,989	205,047	288,115
			Treasury Bills		(22,693)	46,828	148,388
				Gross	446,561	513,228	683,311
				Maturities	469,254	466,400	534,923
			Fixed Term Deposit		2,385	-	-
			Dollar Linked Phil. Peso Notes		5,000	-	-
			Retail Treasury Bonds		62,930	-	-
			Fixed Rate Promissory Notes		11,520	-	-
			Fixed Rate Treasury Bonds		176,847	158,219	139,727
		Less: Amortization			80,944	101,776	168,057
CHANGE IN CASH					(1,706)	165	2,476
	Budgetary Accounts				53,417	(3,447)	(56,528)
	Non-Budgetary Accounts				(55,123)	3,612	59,004
		NG Transactions			(30,579)	33,452	85,413
		CB Restructuring Transactions			(24,544)	(29,840)	(26,409)