MANILA - The Philippines will most likely postpone a planned retail treasury bond issue planned for July, National Treasurer Roberto Tan said on Monday.

Tan told reporters that the government expected inflows of Official Development Assistance (ODA) loans in August or September. He did not give details.

The government, which is seeking to finance a ballooning budget deficit, has previously indicated it could issue samurai bonds or a global dollar bond.

"It could be a combination or either of the two," Tan said.