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Gov’t nearly balanced budget as it spent less in July

The Department of Trade and Industry has stepped up its monitoring efforts amid speculations that prices of basic necessities and prime commodities have spiked as a result of the continued congestion at the port of Manila. INQUIRER FILE PHOTO

The government failed to sustain the rise in spending in July, fueling concerns over the state’s ability to boost growth amid climbing interest rates and rising consumer prices.

Posted: August 30th, 2014 in Headlines,Latest Business Stories,Money | Read More »

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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