Sunday, May 3, 2026
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Tag: revenue collections

First-quarter budget deficit narrowed 20% to P355.5b

The government’s budget deficit narrowed by 20.30 percent in the first quarter of 2026 as double-digit revenue growth outpaced state spending, according to the...

Recto asks all BOC district collectors to protect borders

Department of Finance (DOF) Secretary Ralph Recto has directed all district collectors of the Bureau of Customs (BOC) to uphold the integrity of the...

Recto pushes digitalization to boost revenues

Finance Secretary Ralph Recto is pushing for digitalization and data sharing to boost the government’s revenue collections. Recto said with the majority of consumers shifting...

Tingog solon supports call urging BIR to ensure higher collections

Tingog party-list Rep. Jude Acidre on Sunday expressed full support for the call of Speaker Ferdinand Martin Romualdez to the Bureau of Internal Revenue...

September budget deficit widened 40% to P251b on lower tax collection

The government’s budget deficit widened by 40 percent in September 2023 to P250.9 billion from P179.8 billion a year ago on a double-digit decline...

Makati overshoots ‘22 revenue target by 16%; up 9% over ‘21

The Makati City government on Tuesday announced it has exceeded its 2022 tax collection target by 16 percent, mustering a total revenue of P20.9...

POGOs pile up P2.3B unpaid bills over five years—COA

Philippine Offshore Gaming Operators (POGOs) appeared to be delinquent in paying their dues to the government, prompting the Commission on Audit (COA) to task...

Budget deficit down to P187.7b in March on higher revenues

The government’s budget deficit narrowed 2 percent in March to P187.7 billion from the P191.4-billion shortfall a year ago, as revenue collections outpaced expenditures,...

9-month budget deficit widened to P1.13 trillion

The government incurred a budget deficit of P180.9 billion in September, or 30.6 percent higher than the P138.5-billion shortfall a year ago, as the...

Gov’t budget deficit grew to P837b in seven months

The government’s budget deficit increased 19.5 percent in the first seven months to P837.3 billion from P700.6 billion a year ago, on increased spending...

Dominguez expects gov’t revenues to pick up by 4th quarter

Finance Secretary Carlos Dominguez III said Monday he is optimistic that government revenue collections will improve by the fourth quarter of 2021, after they...

Budget deficit surged 170% to P940.6b in 1st 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...

Gov’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...

June revenue collections rebounded 28% to P211b

Revenue collections rebounded 28 percent in June from a 49-percent slump in May after the government eased the restrictions in Metro Manila that allowed...
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