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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 »

10-month budget deficit down 2.7% at P112.5B

The government incurred a slightly lower budget deficit in October from a year ago, staying poised to keep the fiscal gap for the full year well within the official ceiling for 2013.

Posted: December 5th, 2013 in Editor's Pick,Headlines | Read More »

Gov’t to hike infrastructure spending in 2014

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The government is poised to increase its infrastructure-spending program next year by P60 billion—and is considering raising the budget deficit ceiling as a consequence—to meet the expenditure needs in the aftermath of the latest natural calamity.

Posted: November 18th, 2013 in Headlines | Read More »

9-month budget gap narrows to P101B

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Finance Secretary Cesar Purisima: Public sector debt has become more and more manageable. INQUIRER FILE PHOTO

The national government incurred a smaller budget deficit of P18.6 billion in September, down 34 percent from a year ago, as the growth in revenue collection outpaced that of expenditures.

Posted: October 31st, 2013 in Editor's Pick,Headlines | Read More »

Lower budget deficit seen with PDAF freeze

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The government’s budget deficit for the full year may be lower than the ceiling by at least P14 billion, according to Budget Secretary Florencio Abad.

Posted: October 3rd, 2013 in Headlines | Read More »

7-month budget gap swells to P104.5B

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The government’s budget deficit rose substantially in July from a year ago as the increase in expenditures outpaced that of revenue collection.

Posted: September 9th, 2013 in Headlines | Read More »

2013 budget deficit may breach ceiling, says DOF

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The budget deficit may go over the ceiling set for 2013 due to the expected shortfall in tax collections for the full year and rise in public spending to further boost economic growth, the Department of Finance (DOF) said.

Posted: July 30th, 2013 in Headlines | Read More »

Budget deficit way below ceiling set for H1

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Finance Secretary Cesar Purisima: Public sector debt has become more and more manageable. INQUIRER FILE PHOTO

The budget deficit fell below the ceiling set for the first semester, as the government failed to spend as much as it should during the period.

Posted: July 26th, 2013 in Editor's Pick,Headlines | Read More »

Gov’t spending topped collections in Jan.-May

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The government may keep the budget deficit for the year well within the official ceiling, even as public spending exceeded revenue collections by an estimated P42.8 billion in the first five months of the year.

Posted: June 27th, 2013 in Headlines | Read More »

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