Ako Bicol Party-list Rep. Jil Bongalon (Ellson Quismorio/ MANILA BULLETIN) House Assistant Majority Leader and Ako Bicol Party-list Rep. Raul Angelo "Jil" Bongalon expressed his support for the proposed supplemental budget to address the...
The Marcos administration's budget surplus nearly doubled in the first month of the year due to strong revenues generated by the government's two main tax agencies. The Bureau of the Treasury reported that the national government posted a fiscal surplus of P88 billion last January, a significant...
The country’s trade deficit plunged to $4.22 billion in the first month of 2024 after having a contraction in the value of imports, the Philippine Statistics Authority said on Tuesday, March 12. The trade deficit narrowed by 24 percent from the $5.55 billion booked in the same month last year....
The Marcos administration registered a reduction in the budget deficit last year, with revenues growing significantly faster than expenditures, data from the Bureau of the Treasury showed. In 2023, the national government's fiscal deficit stood at P1.512 trillion, a 6.3 percent decrease from the...
The Marcos administration's efforts toward fiscal consolidation may proceed at a slower pace, as economic managers are considering revising down their growth forecasts for the medium term, the Department of Budget and Management (DBM) said. Budget Secretary Amenah F. Pangandaman said the...
The country posted a lower trade deficit in December after mild contractions in exports and imports, data from the Philippine Statistics Authority (PSA) showed Friday, Jan. 26. The trade gap, or the difference between the value of exports and imports, declined by 11 percent to $4.01 billion in...
The Philippine Statistics Authority (PSA) reported that country's trade deficit widened in November last year due to the significant decline in exports and a rise in imports. Preliminary data from the PSA showed that the trade in goods resulted in a deficit of $4.7 billion in November, an increase...
The Bureau of the Treasury reported that the national government's budget deficit declined in November largely due to decreased public spending. The Marcos administration’s fiscal gap amounted to P93.3 billion last month, a 25 percent reduction from the P123.9 billion recorded in the same...
The country’s trade deficit saw an increase in October after both exports and imports contracted by double-digits, data from the Philippine Statistics Authority (PSA) showed Tuesday, Dec. 12. The trade deficit, or the difference between the value of export and import, narrowed by 26 percent to...
The Marcos administration was able to cut the budget deficit by more than half for the year due to strong revenues, data from the Bureau of the Treasury revealed. The fiscal gap of the national government amounted to P34.4 billion last month, showing a 65 percent decrease compared to P99.1 billion...
The Philippines’ trade deficit plunged in August to $4.13 billion as total external trade decreased, the Philippine Statistics Authority said on Tuesday, Oct. 10. The trade deficit in August narrowed by 34 percent from the $6.3 billion booked in the same month last year. It is also lower compared...
The Philippine Statistics Authority (PSA) reported that the country’s the trade deficit narrowed in September as imports declined at a faster pace than exports. The balance of trade in goods in the country recorded a deficit of $3.511 billion in September, lower than the $4.131 billion gap...
