News Articles on {?keyword?} | ABS-CBN News

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 »

Philippine economy 2020: How it started vs how it's going

Warren de Guzman and Edson Guido, ABS-CBN News
Updated as of Oct 21 04:51 PM

The year 2020 was supposed to bring in nearly $9 billion in net foreign direct investment inflows, a near 10 percent growth in tourism income, and the steady, ever-so-reliable dollar income stream of overseas Filipino remittances and business process outsourcing. Trade was also seen continuing at a deficit, as the Philippines imported more to feed its growing appetite for infrastructure and foreign goods and services. 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 »

National govt swings back to budget surplus position in June

ABS-CBN News
Updated as of Jul 22 01:33 PM

The national government's fiscal position swings back to surplus in June as it ramped up collection of delayed income taxes and economic activities resume following easing of lockdowns, the Bureau of Treasury said Wednesday.    Read more »

US trade deficit widens as exports fall to lowest level since 2009

Reuters
Posted at Jul 02 11:16 PM

The US trade deficit widened in May as the COVID-19 pandemic pushed exports to their lowest level since 2009, strengthening expectations the economy will contract in the second quarter at its steepest pace since the Great Depression. 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 »

Total trade shrinks in April, first full month of virus lockdown

ABS-CBN News
Updated as of Jun 10 10:29 AM

The Philippines' total external trade shrank further in April, the first full month of lockdown against COVID-19, government data released Wednesday showed. Read more »

China skips growth target due to virus, a first in years

Agence France-Presse
Posted at May 22 11:18 AM

China took the rare move of not setting an annual growth target this year after the coronavirus battered the world's second-largest economy and ravaged global growth, Premier Li Keqiang said Friday. Read more »

Trade deficit narrows to $2.48 billion in December

ABS-CBN News
Posted at Feb 11 12:18 PM

The balance of trade in goods declined by 40.6 percent to $2.48 billion (P125.8 billion) in December 2019 compared to the $4.17 billion (P211.5 billion) in December 2018, data from the Philippine Statistics Authority showed.  Read more »

Trade deficit narrows to $3.34 billion in November

ABS-CBN News
Posted at Jan 10 11:45 AM

The trade deficit declined by 18 percent to $3.34 billion November compared to the same month in 2018. Total external trade for the month shrank to $14.54 billion, the Philippine Statistics Authority said. 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 »

Trade deficit narrows to $3.12 billion September

ABS-CBN News
Updated as of Nov 06 04:12 PM

The trade deficit totaled $3.12 billion in September from $4.02 billion during the same month in 2018. The shortfall was at $2.41 billion in August this year.  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 »

UN may run out of money by end of the month: Guterres

Agence France-Presse
Posted at Oct 08 09:21 AM

The United Nations is running a deficit of $230 million, Secretary General Antonio Guterres said on Monday, and may run out of money by the end of October. 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 »

Trade deficit widens in July, snaps 2 months of decline

ABS-CBN News
Posted at Sep 10 10:08 AM

July trade deficit rose to $3.39 billion from $2.47 billion in June, 15.5 percent lower compared to the $4.02 billion total for the same period last year, data from the Philippine Statistics Authority showed.  Read more »

Rising US exports shrink trade deficit; China imports fall

Douglas Gillison, Agence France-Presse
Posted at Sep 05 06:50 AM

A bump in US exports helped shrink America's yawning trade deficit in July while imports from China continued to fall amid the two nations' trade war, government data showed Wednesday.  Read more »

Trade deficit shrinks in June as exports rebound

ABS-CBN News
Posted at Aug 07 12:26 PM

Exports reached a total of $6.01 billion, reflecting a 1.5 percent increase compared to the $5.92 billion in June 2018, according to the data released by the Philippine Statistics Authority. Read more »