deficit - updates

Rappler's latest stories on deficit

ARTICLE FINDER

August 2019 trade figures point to Q3 GDP growth struggle

Oct 10, 2019 - 6:30 PM

The Philippines' total trade declines by 7% in August 2019 due to weaker exports and continued decline in imports

Philippine total trade declines by 1.3% in July 2019

Sep 10, 2019 - 8:25 PM

Exports slightly improve by 3.5%, while imports drop by -4.2% in July 2019


Trade gap narrows in June 2019 as Philippines imports less steel

Aug 07, 2019 - 4:10 PM

Total imports decrease by 10.4%, led by iron and steel. Meanwhile, 7 out of 10 major export commodities grow.

Trade deficit narrows in May 2019 as imports drop

Jul 10, 2019 - 12:50 PM

Due to the decrease in 6 of the top 10 imported goods and a slight increase in exports, the Philippines' trade deficit slightly narrows in May 2019

U.S. trade deficit surges to 10-year high in 2018

Mar 06, 2019 - 9:42 PM

America's trade deficit with the world jumped 12.5% to $621 billion, the Commerce Department reports, as both imports and exports rose to the highest levels ever

Image via Shutterstock

Rising 'above serial underspending’? Budget gap widens in 2018

Feb 22, 2019 - 6:06 PM

The fiscal deficit in 2018 reaches P558.3 billion, 3.2% of the country's gross domestic product

'Nature-deficit disorder'

Jan 27, 2019 - 11:00 AM

Nature experience is essential in the inner life of any child

NEDA asks gov’t to support exports as trade gap worsens

Dec 12, 2018 - 2:36 PM

The trade deficit widened by 62.9% in October 2018, says the Philippine Statistics Authority

Philippines to meet budget deficit target in 2018, says DOF

Nov 28, 2018 - 2:50 PM

The Bureau of the Treasury says the year-to-date fiscal gap stands at P438.1 billion of the P523.6-billion target cap

TARGET. Finance Secretary Carlos Dominguez III says the Philippine government will most likely hit the budget deficit ceiling targeted for 2018. Photo from Department of Finace

Trade deficit balloons by 171% in July 2018

Sep 11, 2018 - 8:30 PM

Imports accelerate by 32%, while exports languish at 0.3%

Weak peso fails to lift Philippine exports in June 2018

Aug 08, 2018 - 7:50 PM

The Philippine Statistics Authority says the country posted a wider year-on-year trade deficit in June after imports rose to their fastest pace

TRADE GAP. The Philippines posts a wider year-on-year trade deficit in June. Photo by Ted Aljibe/AFP

Philippines' trade deficit widens by 47.6% in May 2018

Jul 10, 2018 - 2:15 PM

The Philippine Statistics Authority says the country's imports further increased by 11.4%, while exports slumped by 3.8%

TRADE GAP. The Philippine Statistics Authority (PSA) reports a wider trade gap in May 2018. AFP photo

Agriculture trade deficit widens in Q1 2018

Jul 02, 2018 - 8:45 PM

The Philippine Statistics Authority says the Philippines' agricultural imports rose while exports declined, which widened the trade deficit by 41% to $1.83 billion

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.'

#ThewRap: Things you need to know, May 24, 2018

May 24, 2018 - 10:05 AM

Hello! Here are the stories you shouldn't miss this Thursday.

WEAVING HOPE. It's in the Sinagtala weaving center where women are able to escape and eventually, heal from the scars of the war. Photo courtesy of Sinagtala

Gov't underspending leads to narrower budget deficit as of April

May 23, 2018 - 8:05 PM

The Philippines' budget deficit from January to April is at P115.9 billion, lower than the P167.1-billion projection

World Bank expects stable 6.7% growth for PH in 2018, 2019

Apr 12, 2018 - 8:00 PM

'Any growth above 6.7% would require vigorous investment in physical and human capital to push the economy beyond its current potential output,' says the World Bank

7% economic growth 'very achievable' this year – BPI

Feb 20, 2018 - 8:50 PM

The Ayala-led bank also predicts the peso will depreciate 3-4% every year until 2021 as the government's infrastructure buildup progresses

PH foreign trade up 9.9% in 2017

Feb 09, 2018 - 7:03 PM

Total imports and exports exceed government targets for the year, posting 10.2 % and 9.5 % growth rates, respectively, while the trade deficit hit a record $4.02 billion in December 2017

Gov't deficit narrows in November on 16% higher collections

Dec 26, 2017 - 7:45 PM

This offset the 10% increase in government spending for the month, but the year-to-date deficit is still wider by 4% compared to the same period in 2016

Fitch upgrades Philippines' credit rating

Dec 11, 2017 - 12:26 PM

(UPDATED) The upgrade from BBB- to BBB is due to strong economic growth and the tax reform initiative

[OPINION] Duterte’s ‘twin deficits’: What you need to know

Dec 01, 2017 - 9:35 AM

One can’t help notice that the Duterte and Marcos economic strategies – a huge infrastructure spending spree financed by deficits – are eerily similar

US deficit grows to $666 billion as lawmakers eye tax cuts

Oct 21, 2017 - 9:07 AM

Higher outlays for social security, Medicare, and Medicaid as well as interest on the public debt all contributed to the rise in outlays

TAX CUTS. US Senate narrowly passes a 2018 federal budget that includes special instructions that allows Trump's party to pass historic tax reforms. Photo by Jewel Samad/AFP

Government hits P33.4-B budget deficit in May

Jun 23, 2017 - 5:45 PM

The government incurs a deficit of P33 4 billion P15 8 billion higher than the deficit recorded in the same month in 2016

'Political noise' not causing weaker peso – expert

Feb 22, 2017 - 4:10 PM

The Philippines shrinking current account surplus is the main reason why the peso has fallen to more than P50 to the US dollar according to a risk consultant

PH needs strong institutions to overcome 'trust deficit'

Jan 21, 2017 - 12:00 PM

Ateneo School of Government dean Ronald Mendoza says people need to trust in their leaders and institutions for reforms to take root

INSTITUTING REFORMS. Ateneo School of Government dean Ronald Mendoza says people need to trust in their leaders and institutions for reforms to take root. Rappler photo

Gov't nets P32.6-B budget surplus in August

Oct 20, 2016 - 8:15 PM

August s surplus means the government has closed the 8 month fiscal gap to P138 4 billion

Balanced budget 'impractical' for the PH until 2022 – Diokno

Aug 22, 2016 - 7:10 PM

Philippine economic managers flesh out the proposed P3 3 trillion national budget for 2017 – an amount seen to help free the country from high socioeconomic inequality

NOT FOR NOW. One thing is certain for the Philippine economy in the coming years: deficits are not going away, the economic team of President Rodrigo Duterte tells the House committee. Photos by Chrisee Dela Paz/Rappler

EU abandons budget fines against Spain, Portugal

Jul 28, 2016 - 2:45 PM

Sanctions even symbolic ones would not have been understood by the public explains EU economic affairs commissioner Pierre Moscovici

epa05443448 European Commissioner for Economic and Financial Affairs, Pierre Moscovici during a press conference in Brussels, Belgium, 27 July 2016. The European Commission today adopted a Rule of Law Recommendation on the situation in Poland, setting out the Commission's concerns and recommending how these can be addressed. EPA/LAURENT DUBRULE

Gov’t deficit rises to P120.3B in H1 2016

Jul 27, 2016 - 6:57 PM

For the first 6 months of the year government spending totaled P1 22 trillion 14 higher than last year s P1 07 trillion

IMF retains PH growth outlook for 2016 despite global headwinds

Jul 12, 2016 - 9:45 PM

The Philippines is seen to survive the twin threats of the Brexit fallout and an impending interest rate hike by the US Fed

Dominguez: Ceiling on spending could be raised this year

Jul 04, 2016 - 8:25 PM

The Duterte administration s economic managers also plan to fast track infrastructure projects

Peso could hit P50 vs dollar next year – BPI

Jun 20, 2016 - 12:05 AM

The Bank of the Philippine Islands cites potential rate hikes by the US Federal Reserve as well as the expected increase in infrastructure spending

ING raises PH growth forecast to 6.5% this year, 6.2% in 2017

Jun 14, 2016 - 7:20 PM

The upgrades are a result of the Duterte administration s plans to increase deficit spending to 3 of GDP from the previous 2

COA: Nueva Ecija had P140M projected cash deficit in 2015

Jun 08, 2016 - 10:07 AM

UPDATED State auditors also say the cash deficit forecast means its trust fund had been used for purposes it was not meant for in violation of Section 305 e of the Local Government Code of 1991 which states trust funds can only be spent for their intended specific purpose

The real highs of nature-tripping

Apr 08, 2016 - 7:45 AM

[Science Solitaire] What happens really when you spend time with nature?

PH gov't records P6B surplus in November

Jan 07, 2016 - 5:54 PM

This is the fourth time in 2015 that the government achieves a budget surplus

TRIM. The fiscal performance in November trimmed the year-to-date deficit to P46.5 billion ($987.95 million). File image

Saudi Arabia posts record $98 billion deficit in 2015 – ministry

Dec 28, 2015 - 9:19 PM

The budget deficit is the highest in the history of Saudi Arabia the world s largest oil exporter

OIL-RICH. Saudi Arabia is the world's biggest exporter of oil

Customs unlikely to hit 2015 revenue target

Dec 28, 2015 - 5:29 PM

The agency is aiming for P436 6 billion 9 258 billion in revenue for 2015 but has collected only P353 07 billion 7 487 as of December 17

 AFP ImageForum

BSP expects healthier BOP surplus in 2016

Dec 21, 2015 - 9:07 AM

This is despite recording a deficit of 141 million P6 67 billion due primarily to debt repayments in November

ON-COURSE. Despite falling back into a deficit in November, the country is still on track to fulfill its balance of payments surplus target of $2 billion for this year. File photo by Agence France-Presse

PH gov't deficit rises to P27B in October

Dec 09, 2015 - 4:18 PM

Spending growth overtakes revenue collections for the fourth month in a row

DEFICIT. Spending growth overtakes revenue collections for the fourth consecutive month. File photo by Agence France-Presse

PH gov't registers P8B surplus in September

Nov 05, 2015 - 3:48 PM

The DOF also reports that total government revenues reached P164 1 billion 3 5 billion in September 6 higher than last year s figure

SURPLUS. A surplus, considered as a sign that the government is being run efficiently, might be used to pay off debt, save for the future, or to make a desired purchase. File image

PH gov't records P15B surplus in August

Oct 01, 2015 - 5:47 PM

For the first 7 months of the year the government incurs a deficit of P3 4 billion significantly lower than the programmed deficit of P197 2 billion

LOWER. Data from the Bureau of the Treasury (BTr) shows the government's' budget surplus for the month is 50% below the year-ago level of P29.9 billion ($639.99 million). File photo from Agence France-Presse

#PugadBaboy: Sexaholic punchline 3

Sep 23, 2015 - 5:00 AM

#PugadBaboy: Sexaholic

Sep 23, 2015 - 5:00 AM

#PugadBaboy: Sexaholic punchline 2

Sep 23, 2015 - 5:00 AM

PH balance of payments books biggest deficit

Sep 18, 2015 - 5:17 PM

August s balance of payments at 450 million is the biggest since January 2014 when the country books a deficit of 4 48 billion

EXTERNAL FACTORS. The country’s BOP position in August reflects the decision of the People’s Bank of China to devalue the Chinese yuan on August 11 and the blood bath in the global stock market on August 24. File photo from Agence France-Presse

Record Customs deficit for Aquino admin in August

Sep 13, 2015 - 7:54 PM

The Bureau of Custom’s deficit of P9 1 billion 194 7 million in August came as 13 out of 17 districts recorded shortfalls

PH gov't hits P13.75B surplus in H1

Aug 06, 2015 - 3:28 PM

Increased efforts to speed up spending in June are not enough to offset government underspending in the first 5 months of 2015