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PH infrastructure spending surges 26% as of Oct.

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Public infrastructure spending as of October this year grew at a double-digit pace, according to the Department of Budget and Management.

Posted: December 16th, 2013 in Headlines | Read More »

9-month budget gap narrows to P101B

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Finance Secretary Cesar Purisima. 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 »

Gov’t posts P19.5-B budget deficit

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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 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.

Posted: March 25th, 2013 in Editor's Pick,Headlines | Read More »

GSIS revenue drops due to rise in spending

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The Government Service Insurance System’s net revenue eased by 2 percent year-on-year to P59.9 billion in 2012, mainly due to a surge in payout to members.

Posted: February 1st, 2013 in Headlines | Read More »

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