The national government spending in November reached P455 billion, P42.3 billion or 10 percent higher than the same period last year, data from the Department of Finance showed.
THE national government spending in November reached P455 billion, P42.3 billion or 10 percent higher than the same period last year, data from the Department of Finance showed.
Meanwhile, primary spending net of interest payment posted a 12 percent growth for November, reaching P428.9 billion. This brought the cumulative primary expenditure to P4.1 trillion, up by 9 percent or P349.6 billion. For November, the DOF said its budget shortfall reached P123.9 billion, down by 3.7 percent or almost P5 billion from a year ago as the government had more revenues than its spending.
Taxes contributed P3 trillion or 90 percent to the total and registered 17 percent growth for the period. Meanwhile, the remaining balance of P317.7 billion from non-tax sources also improved by 24 percent from the previous year’s level. The Bureau of the Treasury income, meanwhile, declined in November to P5.3 billion, 13 percent or P806 million lower from last year, mainly due to the high base for dividend collections.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
DFA: Over 7K overseas Pinoys repatriated from January to NovemberMore than 7,000 overseas Filipinos have been repatriated this year as part of the Marcos administration’s efforts to improve its response to the needs of Filipinos abroad.
Read more »
DoTr should use homegrown transport solutionsTWO transportation systems recently presented to the Department of Transportation (DoTr) by the Department of Science and Technology's Metals Industry Research and Development...
Read more »
Red tape, rudeness top complaints vs government agencies, says CSC report - BusinessMirrorTHE Civil Service Commission (CSC) has released the list of top 10 agencies with the most number of public complaints it has received through its Contact Center ng Bayan (CCB) facility. The list includes the Department of Education, Land Transportation Office, Department of Health (DOH), Social Security System (SSS), Bureau of Internal Revenue (BIR), Department
Read more »
DTI’s CITEM prods local firms: Join more F2F, virtual trade fairs - BusinessMirrorTHE export promotions arm of the Department of Trade and Industry (DTI) has urged local firms to participate more in physical and virtual trade fairs, which it said can provide them more business “opportunities and exposure” especially in overseas markets. Rowena Mendoza, officer-in-charge-department manager at the Center for International Trade Expositions and Missions (CITEM), has
Read more »
PHL in talks with China on solar irrigation deal - BusinessMirrorManila is negotiating a deal with Beijing for the construction of solar-powered irrigation systems (SPIS) to boost the Philippines’s farm productivity. Agriculture Assistant Secretary Arnel V. de Mesa said the agriculture department is now “drafting” the “possible engagements” with China for the irrigation project. De Mesa said the Department of Agriculture (DA) is targeting to
Read more »
More than 7,000 Filipinos repatriated this year - BusinessWorld OnlineTHE DEPARTMENT of Foreign Affairs (DFA), through its Office of the Undersecretary for Migrant Workers Affairs, repatriated over 7,000 overseas Filipinos this year, according to a statement released by the Office of the Press Secretary on Monday. Of the 7,880 repatriated Filipinos as of end-November, more than half or 58% were from the Middle East, […]
Read more »