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PH fiscal deficit balloons to P940.6-B from Jan-Oct on weak revenues

ABS-CBN News
Posted at Nov 25 01:43 PM

The national government's budget deficit widened in October from its year-ago figure as revenues shrunk and spending slowed for the month. Read more »

September budget deficit narrows on weak revenues, spending

ABS-CBN News
Posted at Oct 23 12:33 PM

The national government's budget deficit narrowed in September from its year ago figure, as spending dipped together with revenue collections.    Read more »

PH budget deficit widens in August as pandemic drags revenues

ABS-CBN News
Posted at Sep 23 12:32 PM

The national government's budget deficit widened in August as the Covid-19 pandemic dragged revenue collection, the Bureau of Treasury said in a statement on Wednesday. Read more »

PH budget deficit widens in July with higher spending, drop in revenue collection

ABS-CBN News
Posted at Aug 26 11:44 AM

The Bureau of Treasury said Wednesday the national government's budget deficit widened in July due to higher expenditures to fund COVID-19 rehabilitation and recovery efforts. Read more »

Budget deficit hits P202.1 billion in May as pandemic fuels spending

ABS-CBN News
Posted at Jun 23 04:58 PM

The Philippines posted a budget deficit of P202.1 billion in May as the government spent more while collecting less due to the COVID-19 pandemic, treasury data released Tuesday showed. Read more »

PH posts narrower budget deficit in Oct as revenue growth outpaces spending

ABS-CBN News
Posted at Nov 25 07:11 PM

The budget deficit hit P49.3 billion in October, down 17.7 percent compared to the same month in 2018, the Bureau of Treasury (BTr) said on Monday. Read more »

US budget deficit soars to almost $1 trillion, highest since 2012

Agence France-Presse
Posted at Oct 26 06:11 AM

America's budget deficit soared to nearly $1 trillion in the 2019 fiscal year as government borrowing swelled, the US Treasury announced Friday. Read more »

US budget deficit blasts past $1 trillion in August

Agence France-Presse
Posted at Sep 13 07:25 AM

The US budget gap soared past $1 trillion with a month still to go in the fiscal year -- the first time it has surpassed that level since 2009, the Treasury reported Thursday. Read more »

Budget deficit shrinks in first half as spending falls

ABS-CBN News
Posted at Jul 22 03:56 PM

The Philippines' budget deficit fell in the first half of the year as the revenues increased and government spending slowed, the Bureau of Treasury said Monday. Read more »

Gov't posts budget surplus in April as spending falls

ABS-CBN News
Posted at May 24 10:29 AM

The government posted a P86.9-billion budget surplus in April, as spending dropped by 15 percent due to the delay in the passage of this year's budget that also dragged economic growth, the Bureau of the Treasury said Friday. Read more »

PH fiscal deficit narrows amid delay in 2019 budget

ABS-CBN News
Posted at Apr 25 06:57 PM

The Philippines posted a narrower budget deficit in the first quarter as revenue collections grew while spending slowed amid delays in the passage of the 2019 General Appropriations Act. Read more »

Budget surplus widens in Jan as reenacted spending plan kicks in

ABS-CBN News
Updated as of Mar 18 03:29 PM

The surplus reached P44.5 billion in January, up 337 percent from the comparable period in 2018, according to the Bureau of Treasury. Read more »

Philippines meets 2018 spending goal, ends 12 years of underspending: Diokno

ABS-CBN News
Posted at Mar 06 09:31 AM

Actual disbursements in 2018 totaled P3.4 trillion, higher than the programmed P3.37 trillion, said Diokno, who was recently appointed Bangko Sentral ng Pilipinas governor. Read more »

2018 budget deficit reaches P558.3 billion

ABS-CBN News
Posted at Feb 22 04:42 PM

The full year budget deficit for 2018 reached P558.3 billion or 3.2 percent of the country's gross domestic product (GDP), slightly exceeding the government's 3 percent target, a cabinet official said Friday. Read more »

PH to meet deficit target, 'first time in recent history,' says Dominguez

ABS-CBN News
Posted at Nov 28 10:12 AM

President Rodrigo Duterte is "moving ahead" with its spending schedule, as he pursues his "Build, Build, Build" infrastructure program, Dominguez told a business forum in Davao City. Read more »

Budget deficit widens in October as spending outpaces revenue growth

ABS-CBN News
Posted at Nov 26 03:30 PM

The government posted a budget shortfall of P59.9 billion for the month as spending grew 35 percent while revenues grew 20 percent, the Treasury said. Read more »

Annual US budget deficit hits $779 billion, highest since 2012

ABS-CBN News
Posted at Oct 16 03:09 AM

The US budget deficit hit $779 billion in the fiscal year ending September 30, the highest since 2012 and $113 billion more than in the prior year, the Treasury announced Monday. Read more »

Bahrain to get $10B support from Gulf neighbors

Davide Barbuscia, Reuters
Posted at Oct 05 03:48 AM

DUBAI - Saudi Arabia, Kuwait, and the United Arab Emirates have agreed to give Bahrain $10 billion to support the country's funding requirements as it embarks on a fiscal program aimed at eliminating its budget deficit by 2022. Read more »

Gov't budget deficit up 71 pct in July amid higher spending

ABS-CBN News
Posted at Aug 22 07:36 PM

The Philippines' budget deficit grew to P86.4 billion in July this year, up 71 percent compared to the same month in 2017 as the government ramped up spending, the Bureau of Treasury said Wednesday.  Read more »

Pernia seeks data-driven federalism draft charter

ABS-CBN News
Posted at Aug 14 12:23 PM

Socioeconomic planning secretary Ernesto Pernia on Tuesday clarified that he is not against federalism although he sought for a data-driven draft charter with analysis of its financial and economic impact.  Read more »