budget-deficit | ABS-CBN News

PH budget deficit shrinks in November as revenues grow

ABS-CBN News
Posted at Dec 27 02:12 PM

Treasury said that the fiscal gap narrowed as government revenues grew 16.57 percent, outperforming the 10.24 percent increase in expenditures in November. Read more »

Palace: BIR, BOC revenues hit P3.2-T, above 2022 target

Job Manahan, ABS-CBN News
Posted at Dec 25 05:05 PM

Revenue collections from the BIR and Customs have hit P3.2 trillion this year, which is 2.2 percent higher than the target set by economic managers, Malacañang said. Read more »

Maharlika fund should not be gov't priority: Nomura economist

Jekki Pascual, ABS-CBN News
Posted at Dec 09 04:22 PM

A sovereign wealth fund should not be the priority of the government given challenging global economic conditions and fiscal headwinds, Nomura Chief ASEAN Economist Euben Paracuelles said on Friday. Read more »

Diokno says PH has money for sovereign wealth fund

Warren De Guzman, ABS-CBN News
Posted at Nov 30 11:32 AM

Finance Secretary Benjamin Diokno said on Wednesday the Philippines has funds for sovereign wealth funds despite its tight fiscal conditions including a budget deficit and elevated debt. Read more »

China fiscal deficit balloons to nearly $1 trillion

Agence France-Presse
Posted at Oct 26 05:17 PM

China's fiscal deficit ballooned to an all-time high of nearly $1 trillion in the first nine months of the year, analysis of government data by Bloomberg showed. Read more »

PH books P179.8 billion budget deficit in September

ABS-CBN News
Posted at Oct 26 12:50 PM

Treasury said the budget gap narrowed as revenues grew 24.79 percent last month, outpacing the 13.63 percent growth in spending. Read more »

Budget deficit rises to P215.5 billion in June

ABS-CBN News
Posted at Jul 27 05:41 PM

The national government's budget deficit rose by 43.81 percent to P215.5 billion in June as expenses outpaced revenue collections, the Bureau of Treasury said. Read more »

Economic ‘gameplan’ to be unveiled in Marcos SONA: Diokno

Art Fuentes, ABS-CBN News
Updated as of Jul 06 10:41 PM

Diokno said the Medium Term Fiscal Consolidation Framework, will lay out Marcos’ vision to grow the economy, reduce poverty and usher the country into upper middle income status. Read more »

PH government debt hits P11.93 trillion in November

ABS-CBN News
Updated as of Dec 29 06:02 PM

The Philippine government’s debt hit P11.93 trillion in November, up P1.8 trillion or 17.7 percent from the same month last year, the Bureau of Treasury said. Read more »

Dominguez says next govt facing higher debt, inflation

Warren de Guzman, ABS-CBN News
Posted at Dec 08 03:59 PM

The next administration will face higher debt, inflation and inequality due to the COVID-19 pandemic, said Finance Secretary Carlos Dominguez III on Wednesday. Read more »

PH debt hits record P11.97 trillion in October

ABS-CBN News
Updated as of Dec 01 04:06 PM

Since October last year, the government has added P1.9 trillion to the national debt. Read more »

Budget deficit rises to P1.2 trillion in October

ABS-CBN News
Posted at Nov 25 02:02 PM

The Philippines’ budget deficit rose to P1.2 trillion at the end of October as spending continued to outstrip revenues, the Bureau of Treasury said on Thursday. Read more »

PH debt hits record P11.92 trillion in September

ABS-CBN News
Posted at Oct 29 04:21 PM

The Philippines' debt further climbed to P11.92 trillion at the end of September, up 27.2 percent from the same month last year. Read more »

Philippines books P1.14-T budget deficit from Jan-Sept

ABS-CBN News
Updated as of Oct 25 02:11 PM

From January to September, the government collected P2.24 trillion in revenues but spent P3.38 trillion. Read more »

Philippines' Jan-July budget gap at P837.3 billion

ABS-CBN News
Posted at Aug 24 11:02 AM

The Philippines posted a budget deficit of P121.2 billion in July bringing the total budget gap from January to July to P837.3 billion. Read more »

Philippines books P149.9 billion budget deficit in June

ABS-CBN News
Posted at Jul 27 02:22 PM

The Philippines booked a P149.9 billion budget deficit in June as government spending again outstripped income, the Bureau of Treasury said on Tuesday. Read more »

Philippines launches benchmark-sized dollar bond offer

Reuters
Posted at Jun 28 08:41 PM

The Philippines launched on Monday a benchmark-sized US dollar bond offering, seeking to raise more funds for budgetary support in a two-tranche issue following its yen- and euro-denominated bond sales earlier this year. Read more »

Philippines' budget deficit hits P566.2 billion in May

ABS-CBN News
Posted at Jun 22 04:24 PM

The Philippines booked a P200.3-billion budget deficit for May, bringing the total deficit for the year to P566.2 billion, the Bureau of Treasury said on Tuesday.    Read more »

Budget deficit widens to P321.5-B in first quarter as spending rises, revenues fall

ABS-CBN News
Posted at Apr 27 02:30 PM

The Philippines’ budget deficit widened to P321.5 billion from January to March this year, after booking a P191.4 billion shortfall last month, the Bureau of Treasury said on Tuesday.  Read more »

PH debt hits P10.4 trillion at end of February

ABS-CBN News
Posted at Mar 29 04:39 PM

The Philippine government’s total outstanding debt rose to over P10.4 trillion at the end of February, the Bureau of Treasury said on Monday. Read more »