fiscal deficit - updates

Rappler's latest stories on fiscal deficit


Philippines to meet budget deficit target in 2018, says DOF

Nov 28, 2018 - 2:50 PM

The Bureau of the Treasury says the year-to-date fiscal gap stands at P438.1 billion of the P523.6-billion target cap

TARGET. Finance Secretary Carlos Dominguez III says the Philippine government will most likely hit the budget deficit ceiling targeted for 2018. Photo from Department of Finace

Gov't deficit narrows in November on 16% higher collections

Dec 26, 2017 - 7:45 PM

This offset the 10% increase in government spending for the month, but the year-to-date deficit is still wider by 4% compared to the same period 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

Balanced budget 'impractical' for the PH until 2022 – Diokno

Aug 22, 2016 - 7:10 PM

Philippine economic managers flesh out the proposed P3 3 trillion national budget for 2017 – an amount seen to help free the country from high socioeconomic inequality

NOT FOR NOW. One thing is certain for the Philippine economy in the coming years: deficits are not going away, the economic team of President Rodrigo Duterte tells the House committee. Photos by Chrisee Dela Paz/Rappler

PH gov't deficit rises to P27B in October

Dec 09, 2015 - 4:18 PM

Spending growth overtakes revenue collections for the fourth month in a row

DEFICIT. Spending growth overtakes revenue collections for the fourth consecutive month. File photo by Agence France-Presse

SONA 2015: Aquino gov't continues to underspend

Jul 26, 2015 - 9:10 PM

A lower than target fiscal deficit could mean inability to provide better services and build better infrastructure It could also bloat savings which could give the administration too much leeway to decide on where the money goes

Gov’t posts P6.8-billion fiscal surplus in November

Dec 29, 2014 - 7:25 PM

This is the 4th time this year the government posts a surplus – a bad indicator for the economy dragged down by underspending

Aquino gov't trims deficit to P164B in 2013

Mar 08, 2014 - 11:19 AM

Revenue collections and spending fall below government targets

LOWER DEFICIT. The Philippines trims its budget deficit as revenues and spending fall below government targets. AFP PHOTO

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

Jan deficit up 23% on higher gov't spending

Mar 25, 2013 - 2:25 PM

The government pays higher interest on debts during the month

DEFICIT. The government books higher deficit in January as it spent more for interest payments. Photo by AFP

Japan passes crucial deficit-financing bond bill

Nov 16, 2012 - 10:19 AM

The bonds are crucial to raising funds to pay for about 40 of government spending in the year to March

Jan-Sept budget deficit widens, but still below cap

Oct 24, 2012 - 2:05 PM

The 9 month deficit falls 42 or P77 281 billion below the government s programmed deficit ceiling of P183 343 billion for the period

Thousands on Paris streets to denounce EU 'austerity' pact

Sep 30, 2012 - 11:54 PM

Thousands of left wing protesters took to the streets of Paris to denounce the EU fiscal pact forcing governments to stick to tough deficit limits

A man wearing a Guy-Fawkes mask holds a placard reading "No to the Merkozy treaty" on the statue "Le triomphe de la Republique" (Republic's triumph) as people take part in a demonstration called by French leftist parties and unions against austerity measures and against the European budgetary treaty, on September 30, 2012 in Paris. AFP PHOTO BERTRAND LANGLOIS

'Revenues from sin tax bill to contain 2013 PH deficit'

Sep 07, 2012 - 12:44 PM

The World Bank warns the deficit may rise further if the global downturn worsens

Jan-July deficit at P73.73-B, below target

Aug 23, 2012 - 1:51 PM

The gov t says the 7 month deficit is far below program giving the government fiscal space to spend