The national government’s fiscal deficit widened to ₱784.4 billion in the first seven months of the year, a 22 percent jump compared with ₱642.8 billion in the same period last year, even as the budget gap narrowed in July alone. Still, the year-to-date fiscal deficit remains “well within...
The government has programmed ₱419.9 billion in infrastructure spending for the third quarter, the biggest quarterly infra disbursement for 2025, at a time when allegedly fraudulent flood control projects are taking the spotlight amid concerns about some wasteful and corruption-laden public...
The Philippines ' annual economic growth is expected by the World Bank Group (WBG) to remain below six percent this year until 2031. Its newest country partnership framework (CPF) for the Philippines, covering fiscal years (FYs) 2026 to 2031, showed that the WBG forecasts Philippine gross...
Despite surging to ₱478.8 billion in the first quarter of 2025, the national government expects the full-year budget gap to stay within the ₱1.5 trillion target, citing expected non-tax revenues and a more balanced expenditure rollout in the coming months. Data from the Bureau of the Treasury...
The Marcos administration posted a ₱171.4-billion budget deficit in February 2025, as the government had spent more than it earned, according to the Bureau of the Treasury (BTr). February’s deficit reversed the over ₱68-billion seasonal surplus seen in the previous month. It was also higher...
The Marcos administration’s budget deficit ballooned in November due to the contraction in government revenues and a substantial increase in public spending. The Bureau of the Treasury reported on Thursday, Dec. 26, that the government’s budget deficit more than doubled in November, surging to...
Soaring interest payments, especially for debts that piled up to fight the Covid-19 pandemic, may slow down fiscal consolidation or budget-deficit reduction in the Philippines, according to the think tank Oxford Economics. "Because government deficits have ballooned quickly in the last few years, a...
The Bureau of the Treasury (BTr) reported that the national government's budget deficit narrowed to P970.2 billion for the first nine months due to increased revenue collections outpacing spending growth. The total fiscal deficit from January to September was also 9.08 percent below the P1.1...
The Marcos administration’s budget deficit narrowed significantly in August due to robust revenue growth and a slight contraction in public spending, the Bureau of the Treasury reported. In a statement, the Treasury said the national government incurred a fiscal deficit of P54.2 billion in August...
The national government spent more in July, partly due to an increased share from the national tax allotment (NTA) to the local government units (LGUs), the Bureau of the Treasury reported. State spending went up by 5.8 percent to P486.2 billion during the month from P459.5 billion a year earlier....
The national government's budget deficit widened in the first seven months of the year, despite revenues growing at a faster rate than public spending, data from the Department of Finance (DOF) showed. During the DOF budget deliberations on Tuesday, Aug. 27, Finance Secretary Ralph G. Recto...
The Bureau of the Treasury reported on Wednesday, July 24, that the national government's financing gap fell below ceiling in the first half of the year due to increased revenues. From January to June 2024, the national government recorded a budget deficit of P613.9 billion, seven percent lower...
