deficit | ABS-CBN News

PH books P66.8-B budget surplus in April, 2023 deficit dips

ABS-CBN News
Posted at May 29 02:14 PM

The Philippines posted a P66.8 billion budget surplus in April, bringing the cumulative deficit for the year lower by 34.7 percent at P204.1 billion. Read more »

Trade deficit at $4.93 billion in March: PSA

ABS-CBN News
Posted at May 09 09:48 AM

The Philippines' trade deficit settled at $4.93 billion in March, higher by 7.5 percent as imports continued to outpace exports, the PSA reported. Read more »

Budget deficit rises to P210 billion in March

ABS-CBN News
Posted at May 02 05:00 PM

The Philippines’ budget deficit climbed to P210.3 billion in March, which was 12 percent higher compared to the same month last year, the Bureau of Treasury said on Tuesday. Read more »

DBCC keeps 6 to 7 percent 2023 growth target; sees higher inflation

ABS-CBN News
Posted at Apr 24 04:04 PM

Philippine economic managers maintained a growth target of 6 to 7 percent for 2023 despite a possible global slowdown but also raised the inflation forecast for the year. Read more »

PH posts $3.88 billion trade deficit in February: PSA

ABS-CBN News
Updated as of Apr 11 01:46 PM

The Philippines' trade deficit in February registered an annual decline of 2.7 percent to $3.88 billion, the PSA said on Tuesday. Read more »

PH budget deficit hits P106.4 billion in February

ABS-CBN News
Posted at Apr 03 02:19 PM

The Philippines' budget deficit slightly rose to P106.4 billion in February from the P105.8 billion shortfall in the same period 2022. Read more »

PH posts $895 million balance of payments deficit in February

ABS-CBN News
Posted at Mar 21 09:10 AM

The Philippines' overall balance of payments (BPO) posted a deficit of $895 million in February 2023, the Bangko Sentral ng Pilipinas said on Tuesday. Read more »

Trade deficit at $5.74 billion in January 2023: PSA

ABS-CBN News
Updated as of Mar 14 04:25 PM

The trade deficit widened to $5.74 billion in January 2023, as imports outpaced exports, data from the Philippine Statistics Authority released Tuesday showed. Read more »

PH books P378 billion budget deficit in December

ABS-CBN News
Posted at Mar 01 01:00 PM

The Bureau of Treasury however also noted the 2022 total was lower than the shortfall booked in 2021, and was within the programmed deficit of P1.65 trillion. Read more »

Japan's 2022 trade deficit hits record on energy costs

Agence France-Presse
Updated as of Jan 19 11:46 AM

Japan logged its largest ever annual trade deficit last year, with the soaring price of energy and raw materials compounded by the dramatic fall of the yen. Read more »

PH trade gap narrows to $3.68 billion in November 2022

ABS-CBN News
Posted at Jan 10 12:47 PM

The Philippines’ trade deficit in November 2022 narrowed as exports grew while imports decreased year-on-year, data from the Philippine Statistics Authority showed. Read more »

PH current account deficit as share of GDP seen to narrow by 4.7 pct: Fitch Solutions

ABS-CBN News
Posted at Jan 09 10:55 AM

Fitch Solutions on Monday said it expects the Philippines' current account deficit as a share of GDP (gross domestic product) to narrow only by 4.7 percent in 2023. Read more »

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 »

BOP posts $756M deficit in Nov; GIR level hits $95.1B

ABS-CBN News
Posted at Dec 20 09:28 AM

The country's balance of payments (BOP) posted a deficit of $756 million in November 2022, higher than the $123 million deficit recorded in the same comparable period, data from the Bangko Sentral ng Pilipinas showed. 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 »

BOP deficit widens, gross reserves fall in Sept

ABS-CBN News
Posted at Oct 19 04:43 PM

The Philippines posted a balance of payments deficit of $2.3 billion in September, while gross international reserves declined to $93 billion. Read more »