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Budget gap widens in first quarter

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File photo shows bunkhouses being built in Barangay Caibaan,Tacloban City. On the back of accelerated spending on infrastructure projects mainly in areas affected by Super Typhoon Yolanda, the government's budget shortfall rose by more than a quarter in the first three months of the year. Photo by NINO JESUS ORBETA

The government’s budget shortfall rose by more than a quarter in the first three months of the year on the back of accelerated spending on infrastructure projects, mainly in areas affected by Super Typhoon “Yolanda.”

Posted: May 1st, 2014 in Editor's Pick,Headlines | Read More »

Budget deficit narrowed in February

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Bureau of Customs. INQUIRER FILE PHOTO

The shortfall between the state’s revenues and expenses narrowed in February as reforms at the Bureau of Customs reaped dividends in the form of higher collections.

Posted: April 15th, 2014 in Editor's Pick,Headlines | Read More »

Gov’t budget deficit expanded by 75% in January

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Reconstruction efforts in areas affected by Super Typhoon Yolanda pushed the state’s budget shortfall up in January even as collections rose for the month, according to data released yesterday.

Posted: March 28th, 2014 in Headlines | Read More »

Budget deficit hit P164.1B in 2013

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The government incurred a budget deficit of P164.1 billion last year, much lower than the ceiling of P238 billion set by fiscal authorities, according to the Department of Finance.

Posted: March 8th, 2014 in Editor's Pick,Headlines | Read More »

ING sees 2013 budget gap below target

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The government’s budget deficit likely fell below the target last year due to savings from lower debt servicing costs and spending constraints following the scrutiny of lawmakers’ discretionary funds.

Posted: February 26th, 2014 in Headlines | Read More »

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