The Government's Treasury in February Reached $6.6 Trillion, $18.7 Trillion Below the Historical Average: Carf

The nation's treasury remains below the historical average. Photo: iStock

The Government's Treasury in February Reached $6.6 Trillion, $18.7 Trillion Below the Historical Average: Carf

TL;DR

  • The Nation's treasury was $6.6 trillion as of February 27, 2026.
  • This figure is $18.7 trillion below the historical average for February ($25.3 trillion).
  • The treasury is also $5.1 trillion lower than February of the previous year ($11.7 trillion).
  • Treasury in pesos has been at historic lows since late 2024.
  • In response to liquidity shortages in late 2025, the government significantly increased the issuance of TES (debt instruments).
  • Budget execution for the General Budget of the Nation (PGN) with obligations as of February 2026 reported 12.5% of appropriations.
  • Commitments for investment and debt service execution have accelerated compared to the same period last year.
  • Fiscal spending as a percentage of GDP has increased slightly, while primary spending remained the same.

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