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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' 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 »

BSP chief says Philippines won’t exceed debt thresholds

Warren de Guzman, ABS-CBN News
Posted at May 20 05:03 PM

The Philippines' debt situation is under control and the country will not exceed its borrowing threshold, the head of the Bangko Sentral ng Pilipinas said on Thursday.  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 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 »

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 »

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 »

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 »