Increases in public spending last month forced the national government to raise its budget deficit in the first eight-months of the year near the trillion peso mark. Bureau of the Treasury office The Bureau of the Treasury reported on Thursday, Sept. 23, that the Duterte administration’s fiscal...
The national government’s budget deficit narrowed in July this year due to slower public spending and higher revenue haul, the Bureau of the Treasury reported. The Duterte administration trimmed the government’s fiscal gap last month by 13.6 percent to P121.2 billion from P140.2 billion in July...
Senate Minority Leader Franklin Drilon has urged state economic managers to reconsider allocating huge funds for the security sector for next year amid the “skyrocketing” national debt and a growing budget deficit. Drilon said he is dismayed at the negative growth in the social services sector...
The national government’s budget deficit fell below the ceiling in the first-semester of the year due to lower-than-expected spending, the Bureau of the Treasury reported. The Duterte administration’s January to June 2021 fiscal gap reached P716.1 billion, lower by 29 percent against the P1.018...
Increased revenue haul allowed the Duterte administration to narrow its budget deficit in May this year, the Bureau of the Treasury reported on Tuesday, June 22. The national government trimmed its budget gap by 0.91 percent to P200.3 billion from P202.1 billion in May last year after revenue...
The country’s international trade doubled in April after both imports and exports jumped at their fastest pace in more than a decade, the Philippine Statistics Authority (PSA) reported. Preliminary data from the PSA showed on Wednesday, June 8, that the country’s total external trade in goods...
The national government’s budget deficit decelerated last month owing to the substantial reduction in spending for coronavirus response compared with last year, data from the Bureau of the Treasury showed. The Duterte administration incurred a P44.4 billion fiscal gap in April, down by 84 percent...
The Duterte administration’s economic team has jacked up the government’s budget deficit ceiling for this year and next to address the pandemic and its economic impacts. The inter-agency Development Budget Coordination Committee (DBCC), a body that sets the macroeconomic targets of the country,...
The country’s trade deficit narrowed in March this year as exports registered stronger growth, data from the Philippine Statistics Authority (PSA) showed on Friday, May 7. Based on the PSA preliminary report, the gap in the trade balance, or the difference...
The national government’s budget deficit more than doubled last month amid lower revenues and higher spending, data from the Bureau of the Treasury showed. The government incurred a fiscal gap of P191.4 billion in March, higher by 167 percent compared with P71.6 billion in the same month last...
The country’s trade deficit widened by double-digits in February after imports expanded for the first time in nearly two-years, preliminary data from the Philippine Statistics Authority (PSA) showed. MB File (Photo by Ali Vicoy) Based on the PSA report released on Thursday, April 8, the gap in...
At P14.1 billion The Duterte administration’s budget in January swung to deficit from surplus in the previous year as the coronavirus-induced economic crisis continued to drag-down the government’s tax collections. Data from the Bureau of the Treasury revealed on Wednesday, March 17, that the...
