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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 »

'Bazooka, not a pistol': PH billionaires say more govt stimulus needed to revive economy

Warren de Guzman, ABS-CBN News
Updated as of Nov 23 03:25 PM

Philippine billionaires on Monday said more government stimulus is needed to revive the pandemic-battered economy, which slipped deeper into recession following an 11.5 percent contraction in the third quarter. Read more »

Duterte wants spending of gov't agencies published in newspapers

Arianne Merez, ABS-CBN News
Posted at Aug 25 11:58 AM

President Rodrigo Duterte said Tuesday he wanted government agencies to publicly disclose their spending including for efforts to respond to the pandemic every 15 days. 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 »

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 »

Finance chiefs vie to inoculate world economy against virus

Jitendra Joshi, Agence France-Presse
Posted at Mar 19 10:31 PM

Governments and central banks are injecting eye-popping sums and emergency policy remedies into the global economy as the coronavirus pandemic upends all normal life. Read more »

Huge US spending deal clears Congress, heads to Trump

Agence France-Presse
Posted at Dec 20 07:58 AM

The US Senate on Thursday passed a gigantic $1.4 trillion spending deal that pumps nearly $50 billion in extra funding into federal agencies and prevents a holiday-season government shutdown, if President Donald Trump signs it as expected. Read more »

Contractor optimism falls lowest in 5 years

ABS-CBN News
Posted at Nov 29 03:28 AM

Contractor optimism falls to its lowest in five years, despite business confidence in the country rising to its highest in 2017.  Read more »