NG budget deficit narrows in July

by Diego Gabriel C. Robles The National Government’s budget deficit narrowed in July, as government revenues grew by double-digits, the Bureau of the Treasury (BTr) reported on Friday, with economists attributing this to the uptick in business activity as pandemic restrictions continued to ease. In a statement, the BTr said the budget gap stood at […]

BoP swings to deficit in April

By Luz Wendy T. Noble, Reporter The country’s balance of payment (BoP) posted a deficit in April as the government continued to pay for its foreign debt obligations, and as the trade deficit widened due to the rising value of imports. Data released by the Bangko Sentral ng Pilipinas late Thursday showed the BoP stood […]

Budget deficit widens in January

THE National Government’s budget deficit widened to P23.4 billion in January, as spending increased due to the release of tax allotments to local government units (LGUs). Data from the Bureau of the Treasury released on Thursday showed the January fiscal gap jumped by 66.3% from the P14.1-billion deficit a year earlier. Month on month, the […]

Budget deficit widens in November

By Jenina P. Ibañez, Senior Reporter   The budget deficit widened in November as health and public works agencies continue to ramp up spending amid the coronavirus pandemic, the Bureau of the Treasury (BTr) reported. Preliminary data from the BTr on Friday showed the fiscal gap stood at P128.7 billion in November, inching up 0.33% from […]

Trade gap shrinks to smallest in 3 months

The country’s trade-in-goods deficit in June shrank to its smallest amount in three months, although this did not prevent the year-to-date shortfall from surging faster than in the previous year, the Philippine Statistics Authority (PSA) reported on Friday.  Preliminary PSA data showed merchandise exports during the month expanded by 17.6% year on year to $6.51 […]