budget surplus - updates

Rappler's latest stories on budget surplus


Budget surplus widens to P44.5 billion under reenacted budget

Mar 18, 2019 - 5:10 PM

The Bureau of the Treasury says the contraction in government spending was due to delays in the implementation of new projects and salary adjustments

Gov't underspending leads to narrower budget deficit as of April

May 23, 2018 - 8:05 PM

The Philippines' budget deficit from January to April is at P115.9 billion, lower than the P167.1-billion projection

Government hits P33.4-B budget deficit in May

Jun 23, 2017 - 5:45 PM

The government incurs a deficit of P33 4 billion P15 8 billion higher than the deficit recorded in the same month in 2016

Gov't nets P32.6-B budget surplus in August

Oct 20, 2016 - 8:15 PM

August s surplus means the government has closed the 8 month fiscal gap to P138 4 billion

PH gov't records P6B surplus in November

Jan 07, 2016 - 5:54 PM

This is the fourth time in 2015 that the government achieves a budget surplus

TRIM. The fiscal performance in November trimmed the year-to-date deficit to P46.5 billion ($987.95 million). File image

PH gov't registers P8B surplus in September

Nov 05, 2015 - 3:48 PM

The DOF also reports that total government revenues reached P164 1 billion 3 5 billion in September 6 higher than last year s figure

SURPLUS. A surplus, considered as a sign that the government is being run efficiently, might be used to pay off debt, save for the future, or to make a desired purchase. File image

PH gov't records P15B surplus in August

Oct 01, 2015 - 5:47 PM

For the first 7 months of the year the government incurs a deficit of P3 4 billion significantly lower than the programmed deficit of P197 2 billion

LOWER. Data from the Bureau of the Treasury (BTr) shows the government's' budget surplus for the month is 50% below the year-ago level of P29.9 billion ($639.99 million). File photo from Agence France-Presse

PH gov't hits P13.75B surplus in H1

Aug 06, 2015 - 3:28 PM

Increased efforts to speed up spending in June are not enough to offset government underspending in the first 5 months of 2015

Gov't incurs record-high budget surplus in May

Jul 20, 2015 - 5:30 PM

The May budget surplus of P67 3B is 472 higher than the P11 8B surplus recorded in the same period in 2014

Gov’t underspending narrows deficit to 0.6% of GDP in 2014

Mar 13, 2015 - 10:44 AM

To address underspending in 2014 the government says it will increase infrastructure investments by 4 of GDP in 2015

Gov’t deficit falls 86% for Jan-Oct

Dec 02, 2014 - 6:27 PM

Lower than target spending in the first 10 months of 2014 pulls down the national government’s budget deficit

Government keeps deficit at P31B for Jan-Sept

Oct 30, 2014 - 10:55 AM

The government receives flak for spending below program despite the need to accelerate expenditures for the reconstruction and rehabilitation in typhoon affected areas

Philippines posts P30-B budget surplus in August

Sep 25, 2014 - 5:14 PM

The surplus in August is 36 higher than the P22 billion surplus registered in the same period in 2013 Netting out interest payments government spending only grew by 4 year on year

Gov’t fiscal deficit narrows to P1.8-B in July

Aug 29, 2014 - 1:19 PM

The government s July deficit is down 97 from the same period in 2013 attributed to ramped up collection efforts by revenue generating agencies

Gov’t records P62.5-B budget deficit in June

Jul 28, 2014 - 2:50 PM

Increased government spending resulted in the deficit

6-FOLD HIGHER. The P62.5-billion budget deficit in June is 6-fold higher from the P8.5-billion recorded in June 2013. File photo by Agence France-Presse

Gov't to borrow P135B in 3Q despite budget surplus

Jun 27, 2014 - 9:45 PM

The finance department says the borrowing program for 2015 is lower than the P715 billion set for this year

WHY BORROW? The government usually borrows funds to support its budget deficit and to pay for its maturing liabilities. File photo by AFP

Gov’t wipes out deficit end-May

Jun 26, 2014 - 12:30 PM

The government books a surplus for the first 5 months of 2014 as revenue collections grow by double digits

Photo by AFP

PH imports forecasts raised, exchange rate adjusted

Jun 21, 2014 - 2:03 PM

Despite revisions the growth target for 2014 is still attainable the NEDA chief says

ADJUSTED. Pressure from imports prompted adjustment to the exchange rate from P41 to 44 to P42 to 45 for the year until 2016. File photo by AFP

PH posts P81-B budget surplus in April

Jun 04, 2014 - 3:15 PM

This helped narrow down the deficit in January April to P3 3 billion versus P29 7 billion a year ago

Photo by AFP

Gov't posts P1-B budget surplus in November

Jan 08, 2014 - 6:36 PM

Finance chief Cesar Purisima says the surplus is encouraging given that the government had to spend for recovery efforts following Typhoon Yolanda Haiyan

SURPLUS. The Philippines posts a budget surplus in November despite having to spend for Typhoon Yolanda recovery efforts. AFP PHOTO

PH posts P22-B budget surplus in August

Oct 08, 2013 - 10:34 AM

The government posts a P21 9 billion budget surplus in August as spending slows down

SURPLUS. The Philippines spent less than it earned in August. Photo by AFP

April surplus trims 4-month deficit to P29.7-B

May 27, 2013 - 1:32 PM

The government s fiscal performance in April narrows the P66 478 billion budget deficit incurred in the first quarter

Gov't deficit far from targets due to slow spending

May 21, 2012 - 3:01 PM

The government records a budget surplus of P31 billion in April resulting in a deficit of only P2 89 billion in first 4 months

Abad: PH likely hit second monthly budget surplus in April

May 17, 2012 - 11:26 AM

The budget secretary says both government revenues and spending grew