The national government’s budget deficit narrowed in February this year owing to lower public spending. Data from the Bureau of the Treasury showed that the government incurred a P105.8 billion fiscal gap during the month, down by nine percent from P116 billion in February 2021. The slimmer...
Reducing infrastructure spending to temper the government's growing debt stock will be counterproductive in the long-run as far as economic recovery is concerned, the Department of Finance (DOF) warned. While there is a need to gradually narrow the government’s budget deficit, Finance Chief...
The national government posted a bigger budget deficit in the first month of the year owing to higher interest payments, data from the Bureau of the Treasury showed. The government incurred a P23.4 billion fiscal gap in January 2022, higher by 66.3 percent compared with P14.1 billion in the same...
Trade deficit, which is the difference between the value of export and import of a country, jumped by 63 percent in the first month of the year as Filipinos bought more foreign-made products, the Philippine Statistics Authority (PSA) reported on Friday, March 11. Data from the PSA showed that the...
The Duterte administration’s budget deficit fell below ceiling last year driven mainly by higher than expected revenues as well as slightly below programmed spending, the Bureau of the Treasury reported. Data from the Treasury bureau showed Tuesday, March 1, that the national government incurred...
Debt-watcher Fitch Ratings expects the ratio between the country’s economic output and the government’s budget deficit would remain above its pre-pandemic levels next year. Fitch Ratings said the government’s fiscal deficit-to-gross domestic product (GDP) ratio, a closely watched indicator of...
The Duterte administration registered a strong fiscal performance last year that enabled the government to maintain macroeconomic stability and helped maintain investor confidence, the Department of Finance (DOF) said. Finance Undersecretary and Chief Economist Gil S. Beltran said as he pointed out...
The country's trade deficit widened to a new record high in November last year as Philippine purchases of goods from abroad accelerated following the further reopening of the economy from quarantine restrictions. The Philippine Statistics Authority (PSA) reported on Tuesday, Jan. 11, that the...
The Duterte administration’s budget deficit registered only a marginal increase last November owing to improved revenue collections, data from the Bureau of the Treasury showed. The national government incurred a P128.7 billion fiscal gap last month, up by only 0.33 percent compared with P128.3...
The Duterte administration’s budget deficit widened in October owing to higher spending. The Bureau of the Treasury reported on Thursday, Nov. 25, that the national government incurred a P64.3 billion fiscal gap during the month, an increase of 2.9 percent compared with P61.4 billion in the same...
The country's goods purchases from abroad rose at a much faster pace than the sales of Philippine-made goods overseas, bringing the nation’s trade deficit in September to its widest in nearly three years. The Philippine Statistics Authority reported on Friday, Nov. 5, that expenditures for...
The national government’s budget deficit breached the P1 trillion mark in the first three quarters of the year, but cuts in expenditures allowed the Duterte administration to keep the funding gap below the ceiling. The Bureau of the Treasury reported Monday, Oct. 25, that the national...
