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Gov’t back in deficit in June

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Finance Secretary Cesar Purisima. AP FILE PHOTO

Government spending rose by nearly half in June, raising hopes that the Aquino administration could resume boosting economic growth in the remaining months of the year to make up for the weak first quarter.

Posted: July 29th, 2014 in Editor's Pick,Headlines | Read More »

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 »

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