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Guv heralds accomplishments on last Sopa

Guv heralds accomplishments on last Sopa
sunstar.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from sunstar.com.ph Daily Mail and Mail on Sunday newspapers.

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March deficit spending balloons - BusinessWorld

March deficit spending balloons - BusinessWorld
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PHL gov't fiscal gap widens to P321.5B in Q1

By TED CORDERO, GMA News
Published April 27, 2021 4:07pm
The national government’s fiscal balance saw a wider deficit in the first quarter of 2021 on the back of higher state expenditures against a drop in revenue collections as the country grapples with the COVID-19 pandemic.
Data released by the Bureau of the Treasury (BTr) showed that the national government incurred a budget deficit of P321.5 billion in January to March, 273.11% wider than the P86.2-billion shortfall in the same period in 2020.
For March alone, the fiscal gap stood at P191.4 billion, up 167.34% from P71.6 billion in the same month last year. ....

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Increased govt. spending, thinner revenues bloat budget deficit

endIndex:
Metro Manila (CNN Philippines, April 27) The country s fiscal deficit ballooned in March to more than double its size a year ago, as government expands expenditures while revenues from taxes and various levies continue to plunge.
The budget deficit grew to ₱191.4 billion during the month, a big rise from the ₱71.6 billion in the same month last year, the Bureau of the Treasury reported Tuesday. Government spending rose by 22.3% annually, but revenue collections dwindled by 17.3% in the period under review.
A budget deficit happens when the government spends more than it collects in terms of revenues from taxes, customs duties and other fees. ....

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Increased govt. spending, thinner revenues bloat budget deficit

Increased govt. spending, thinner revenues bloat budget deficit
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