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Budget deficit widens three-fold to P879.2 billion

The government incurred a nine-month budget shortfall almost three times higher than the previous year as revenues declined and expenditures soared amid the COVID-19 pandemic, the Bureau of the Treasury said yesterday......»»

Category: financeSource: philstar philstarOct 24th, 2020

Budget deficit widens to P61.4B in October

The government’s fiscal gap ballooned year-on-year to P61.4 billion in October amid lower revenues and expenditures during the month, according to the Bureau of the Treasury (BTr). Data from the Treasury bureau showed on Wednesday that the shortfall was bigger than the P49.3-billion deficit a year earlier, but smaller than the P138.5-billion gap in September. […].....»»

Category: newsSource:  manilatimes_netRelated NewsNov 26th, 2020

Budget gap widens further in 6 months

The government’s fiscal deficit widened further to P560.4 billion from January to June as the COVID-19 pandemic resulted in higher disbursements but lower revenues year-on-year, according to the Bureau of the Treasury......»»

Category: financeSource:  philstarRelated NewsJul 22nd, 2020

Budget deficit widens 3-fold in Sept

Slower revenue growth, accelerated spending.....»»

Category: financeSource:  philstarRelated NewsNov 8th, 2016

U.S. fiscal year budget deficit widens to $587 billion

The U.S. budget deficit widened to $587 billion for the fiscal year 2016 on slower-than-expected revenues and higher spending for programs including Social Security and Medicare, the Treasury Department said on Friday......»»

Category: newsSource:  mb.com.phRelated NewsOct 15th, 2016

June budget deficit widens on-month, narrows on-year

THE national government’s budget deficit widened more than 150 percent to P45.19 billion in June from May on the back of an increase in public spending, but it narrowed by 37.8 percent year-on-year, data released by the Department of Finance … Rea.....»»

Category: newsSource:  manilatimes_netRelated NewsJul 27th, 2016

June budget deficit widens on bigger public spending

THE national government’s budget deficit widened to P45.19 billion in June from May on the back of an increase in public spending, though it was little changed year-on-year, data released by the Department of Finance (DOF) showed on Wednesday. In ….....»»

Category: newsSource:  manilatimes_netRelated NewsJul 27th, 2016

Budget deficit surged 170% to P940.6b in 1st& nbsp;10 months

The government’s budget deficit increased 24.6 percent in October to P61.4 billion from the P49.3-billion shortfall a year ago, on double-digit decline in revenue collections and single-digit drop in spending amid the pandemic......»»

Category: financeSource:  thestandardRelated NewsNov 25th, 2020

Budget gap shrank to P138.5B in Sept

The government’s fiscal deficit slimmed to P138.5 billion in September as revenues and spending both declined by double digits in the month, data from the Bureau of the Treasury (BTr) showed on Friday. The shortfall was smaller than the P178.6-billion deficit a year earlier, but higher than the P40.1-billion gap in August. “The budget gap […].....»»

Category: newsSource:  manilatimes_netRelated NewsOct 24th, 2020

Gov& rsquo;t spending, tax take post double-digit decline

The government’s budget deficit dwindled by 22.42 percent in September to P138.5 billion from P178.6 billion a year ago, as both tax collections and public spending posted double-digit declines during the month, the Bureau of the Treasury said Friday......»»

Category: financeSource:  thestandardRelated NewsOct 23rd, 2020

Budget deficit reached P741b in eight months

The government incurred a budget deficit of P40.1 billion in August, wider than the P2.5-billion shortfall a year ago, as revenue collection fell by more than 13 percent amid the health crisis, the Bureau of the Treasury said Wednesday......»»

Category: financeSource:  thestandardRelated NewsSep 24th, 2020

8-month budget gap swells to P741B due to COVID-19

MANILA, Philippines — A pandemic-induced drop in revenues while the government spent more to fight COVID-19 widened the budget deficit by 1,510.6 percent year-on-year to P40.1 billion in August, the government reported on Wednesday, September 23, 2020. From January to August, the fiscal deficit also ballooned by 515 percent to P740.7 billion from P120.4 billion […] The post 8-month budget gap swells to P741B due to COVID-19 appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsSep 24th, 2020

7-month budget deficit widened to P701B

Government spen­ding to fight the new coronavirus disease (COVID-19) has bloated public expenditures during the first seven months, widening the end-July budget deficit to P700.6 billion while tax and nontax revenues remained weak due to the pandemic-induced recession. The seven-month fiscal deficit was 494-percent wider than the P117.9-billion shortfall posted a year ago, the latest […] The post 7-month budget deficit widened to P701B appeared first on Cebu Daily News......»»

Category: newsSource:  inquirerRelated NewsAug 26th, 2020

Fiscal gap widens 86%

The strong July outturn pushed the January to July budget gap to P700.6 billion, almost six times the P117.9 billion shortfall incurred as of end-July 2019. The post Fiscal gap widens 86% appeared first on Daily Tribune......»»

Category: newsSource:  tribuneRelated NewsAug 26th, 2020

Gov& rsquo;t posted budget surplus in June as tax take rose 54%

The government posted a P1.8-billion budget surplus in June, a reversal of the P41.8-billion deficit a year ago, as revenue collections jumped 50 percent with the reopening of the economy, data from the Bureau of the Treasury show......»»

Category: financeSource:  thestandardRelated NewsJul 23rd, 2020

May budget deficit swelled to P202 billion

The government’s budget deficit widened to P202.1 billion in May, a reversal of the P2.6-billion surplus a year ago, as government disbursements continued to gain traction against reduced revenue collections amid the coronavirus outbreak......»»

Category: financeSource:  thestandardRelated NewsJun 24th, 2020

April budget deficit hit P273.9B amid lockdown

The government incurred a record monthly budget deficit of P273.9 billion in April as tax collection came to a halt because of the enhanced community quarantine imposed by the government to contain the coronavirus pandemic......»»

Category: financeSource:  thestandardRelated NewsMay 27th, 2020

Budget deficit balloons to nearly P274B in April

The government’s fiscal position last month remained in shortfall as state spending surged and revenues declined, the Bureau of the Treasury (BTr) reported on Wednesday. April’s budget deficit of P273.9 billion was wider than the P59.5-billion gap in March, but a reversal of the P86.9-billion surplus a year ago. In a statement, the Treasury bureau […].....»»

Category: newsSource:  manilatimes_netRelated NewsMay 27th, 2020

Pandemic response widens budget deficit to new record in April

High state spending due to cash aid and lower revenue collections from stuck consumers and shuttered businesses worsened the budget gap......»»

Category: financeSource:  philstarRelated NewsMay 27th, 2020

Budget deficit rose to P59.5b in March

The government incurred a budget deficit of P59.5 billion in March, up by 1.83 percent from the P58.4-billion deficit recorded in the same month last year, data from the Treasury show......»»

Category: financeSource:  thestandardRelated NewsMay 12th, 2020

Govt underspends in Q1

THE national government underspent in the first three months of the year despite the bigger budget deficit in March, data released by the Bureau of the Treasury (BTr) show on Monday. In March, the fiscal gap of P59.5 billion was higher than the P37.6-billion shortfall in February and P58.4 billion a year ago. “The higher […].....»»

Category: newsSource:  manilatimes_netRelated NewsMay 11th, 2020