Gov’t posts P19.5-B budget deficit

Treasury notes double-digit rise in expenditures


Finance Secretary Cesar V. Purisima.

The national government incurred a budget deficit of P19.5 billion in January, jumping 23 percent year-on-year as a double-digit surge in expenditures outpaced that for revenues, according to documents from the Bureau of the Treasury.…

Get Inquirer updates while on the go, add us on these apps:

Inquirer Viber

Disclaimer: The comments uploaded on this site do not necessarily represent or reflect the views of management and owner of We reserve the right to exclude comments that we deem to be inconsistent with our editorial standards.

  • muddygoose

    Deficit spending is normal, but I’d love to see us slowly cutting the debt down. With less money channeled to debt payments, I believe the next few generations will enjoy a better quality of life.

  • TheTuth

    A great news with a misleading headline. Maybe a former tabloid writer.

  • Billy Reyes

    spend more on the rural areas, stop spending so much in National Capital Region.

  • Jean Claude

    Good! now they are spending. for the last 2 years the government has been underspending.

To subscribe to the Philippine Daily Inquirer newspaper in the Philippines, call +63 2 896-6000 for Metro Manila and Metro Cebu or email your subscription request here.

Factual errors? Contact the Philippine Daily Inquirer's day desk. Believe this article violates journalistic ethics? Contact the Inquirer's Reader's Advocate. Or write The Readers' Advocate:

c/o Philippine Daily Inquirer Chino Roces Avenue corner Yague and Mascardo Streets, Makati City,Metro Manila, Philippines Or fax nos. +63 2 8974793 to 94


editors' picks



latest videos