
Fiscal deficit eases despite higher spending – BTr
The Philippines’ fiscal deficit narrowed to P171.2 billion in February 2026 as revenues surged 43.5% on stronger tax collections and early dividends, giving…
Tip: add a year in your query (e.g. Eala 2022) or use the year filter.
47,878 results for “$2-billion deficit”

The Philippines’ fiscal deficit narrowed to P171.2 billion in February 2026 as revenues surged 43.5% on stronger tax collections and early dividends, giving…

The BoP deficit is projected to reach $7.8 billion in 2026 and $8.5 billion in 2027, or 1.5 percent and 1.6 percent of GDP, respectively, and deeper than the…

The Bangko Sentral ng Pilipinas (BSP) projects wider balance of payments and current account deficits for the Philippines through 2027, as global headwinds,…

The Philippines posted a $5.7-billion balance of payments deficit in 2025, driven by weaker foreign investments amid governance issues, while remittances and…

The Philippines faces a $5.7-billion BOP deficit in 2025, reversing last year's surplus, as remittances remain strong. Despite governance issues impacting…



The Philippines posts a $827-million balance of payments deficit in December 2025, bringing the full-year shortfall to $5.7 billion, amid weaker exports,…

The issuance includes 5.5-year, 10-year and 25-year notes, aimed at helping finance the national budget amid a persistent fiscal deficit.


The Philippines posted an $827 million balance of payments deficit in December 2025, bringing the full-year shortfall to $5.7 billion amid weaker inflows and…

In an increasingly competitive region, the Philippines cannot afford to let unresolved scandals define its investment narrative.

The moderation in import growth, combined with export expansion, contributes to easing external trade pressures and bolsters prospects for the Philippines’…

The Bangko Sentral ng Pilipinas projects the Philippines’ balance of payments to return to deficit in 2025 and 2026, driven by a current account shortfall,…

The Bangko Sentral ng Pilipinas projects the Philippines’ balance of payments to return to a deficit in 2025 and 2026, citing trade gaps, weaker services…

Year-on-year, the deficit widened by 7.38 percent from P1.18 trillion in November 2024. The Treasury attributed the expansion mainly to higher government…
The national government’s budget deficit widened to P1.26 trillion in the first 11 months of the year, reaching over 80% of the full-year target as spending…

The Philippines’ fiscal deficit reached P1.11 trillion as of October 2025, in line with consolidation goals, as a strong October surplus and rising tax…

In its latest cash operations report, the Bureau of the Treasury said total revenue collections reached P3.37 trillion from January to September, up 2.24…
The Bureau of the Treasury reported that higher tax revenues kept the national government’s budget deficit below target in the first nine months of 2025, with…