Philippine budget deficit - updates

Rappler's latest stories on Philippine budget deficit


Gov't now expects 2018 inflation to reach as high as 4.5%

Jul 02, 2018 - 5:55 PM

The government previously pegged inflation at just within 2% to 4%, but prices keep rising. Meanwhile, the deficit forecast is also raised to 'sustain the momentum of the Build, Build, Build program.'

Gov’t underspending narrows deficit to 0.6% of GDP in 2014

Mar 13, 2015 - 10:44 AM

To address underspending in 2014 the government says it will increase infrastructure investments by 4 of GDP in 2015

Gov’t deficit falls 86% for Jan-Oct

Dec 02, 2014 - 6:27 PM

Lower than target spending in the first 10 months of 2014 pulls down the national government’s budget deficit

Government keeps deficit at P31B for Jan-Sept

Oct 30, 2014 - 10:55 AM

The government receives flak for spending below program despite the need to accelerate expenditures for the reconstruction and rehabilitation in typhoon affected areas

Philippines posts P30-B budget surplus in August

Sep 25, 2014 - 5:14 PM

The surplus in August is 36 higher than the P22 billion surplus registered in the same period in 2013 Netting out interest payments government spending only grew by 4 year on year

Gov’t fiscal deficit narrows to P1.8-B in July

Aug 29, 2014 - 1:19 PM

The government s July deficit is down 97 from the same period in 2013 attributed to ramped up collection efforts by revenue generating agencies

Gov’t records P62.5-B budget deficit in June

Jul 28, 2014 - 2:50 PM

Increased government spending resulted in the deficit

6-FOLD HIGHER. The P62.5-billion budget deficit in June is 6-fold higher from the P8.5-billion recorded in June 2013. File photo by Agence France-Presse

Gov’t wipes out deficit end-May

Jun 26, 2014 - 12:30 PM

The government books a surplus for the first 5 months of 2014 as revenue collections grow by double digits

Photo by AFP

PH imports forecasts raised, exchange rate adjusted

Jun 21, 2014 - 2:03 PM

Despite revisions the growth target for 2014 is still attainable the NEDA chief says

ADJUSTED. Pressure from imports prompted adjustment to the exchange rate from P41 to 44 to P42 to 45 for the year until 2016. File photo by AFP

PH posts P81-B budget surplus in April

Jun 04, 2014 - 3:15 PM

This helped narrow down the deficit in January April to P3 3 billion versus P29 7 billion a year ago

Photo by AFP

Q1 deficit 'well within' target

Apr 30, 2014 - 4:51 PM

This as government revenues and spending fall below targets

Photo by AFP

Gov't reduces deficit to P9.7B in Feb

Apr 14, 2014 - 3:39 PM

The deficit was lower as government revenues grew faster than expenditures

Photo by AFP

Jan-Oct deficit falls nearly 3% to P112.5B

Dec 05, 2013 - 2:32 PM

The amount is well within government projections says the Treasury

DEFICIT. The Philippines budget gap continues to be well within government ceiling. AFP Photo

9-month deficit below gov't program

Oct 30, 2013 - 3:18 PM

The government incurs a deficit of P101B in Jan Sept below program as it misses revenue and spending targets

DEFICIT. The Philippines budget gap continues to be below government ceiling. AFP Photo

First-half deficit of P51-B below program

Jul 25, 2013 - 2:42 PM

The deficit fell below ceiling as the government missed its revenue and expenditure targets

DEFICIT. The Philippines budget gap continues to be below government ceiling. AFP Photo

Jan-May deficit at P43-B, below ceiling

Jun 27, 2013 - 11:33 AM

Purisima says the deficit continues to be well within government ceiling despite the healthy pace of expenditures

DEFICIT. The Philippines budget gap continues to be below government ceiling. AFP Photo

2012 deficit likely between 2% to 2.3% - budget chief

Feb 05, 2013 - 12:22 PM

The government s deficit likely hit 2 to 2 3 of GDP in 2012 says the DBM

11-mo budget deficit of P127-B only 46% of 2012 goal

Dec 27, 2012 - 12:16 PM

Budget deficit from the January to November period reaches only P127 3 billion less than half of the full year program of P279 106 billion

PH to borrow more locally than abroad

Mar 23, 2012 - 7:33 PM

With the domestic market awash in cash the government hopes to seize the opportunity to borrow more locally