Budget deficit widens despite strong tax collections
The national government’s budget deficit widened to P198.5 billion in May, up 36.7 percent from P145.2 billion a year earlier, as lower non-tax revenues offset…
· 2 min read
Daily TribuneTopic
The national government’s budget deficit widened to P198.5 billion in May, up 36.7 percent from P145.2 billion a year earlier, as lower non-tax revenues offset…
· 2 min read
The government is turning to one of the Philippines’ most recognizable crops, ube (purple yam), to help narrow the country’s more than $10-billion agricultural…
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'The challenge was mostly about will, the will to do it,' he said. 'I feel like I'll take a breather at the end of the season.'
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The country’s foreign reserves fell to a 15-month low as the Bangko Sentral ng Pilipinas (BSP) battled a weakening local currency.
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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…
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Despite the deficit, the country’s gross international reserves rose to a new record high of $113.3 billion as of end-February 2026, up from $112.7 billion in…
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The latest budget data, covering the Philippine government’s fiscal performance for the first 11 months of last year, showed a P1.26-trillion deficit, up 7.38…
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Edible fruits and nuts, including citrus and melon peels, remained the country’s top agricultural export, generating $329.72 million. These figures accounted…
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The Philippines’ balance of payments (BoP) — a comprehensive record of the country’s financial transactions with the rest of the world — registered an…
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The issuance includes 5.5-year, 10-year and 25-year notes, aimed at helping finance the national budget amid a persistent fiscal deficit.
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The moderation in import growth, combined with export expansion, contributes to easing external trade pressures and bolsters prospects for the Philippines’…
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Weak trade-in-goods is attributed to the forecast deficit in the Philippines’ balance of payments (BoP) position until 2026, the Bangko Sentral ng Pilipinas…
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The national government plans to borrow a total of P824 billion from the domestic debt market in the first quarter of 2026, according to the Bureau of the…
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The Philippines’ balance of payments (BoP) is projected to return to a deficit for the first time in two years, the Bangko Sentral ng Pilipinas (BSP) said on…
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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…
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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…
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The national government recorded higher revenues in the first nine months of 2025, keeping the budget deficit below target as tax collections continued to…
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The Bangko Sentral ng Pilipinas (BSP) expects the country’s Balance of Payments (BoP) to remain in deficit over the next two years as global uncertainties and…
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