Budget Deficit

Asia·Jul 24, 2026

Manila Runs Wider Deficit Yet Stays Under Target as Revenue Climbs Faster Than Spending

The Philippines recorded a P786.8 billion budget shortfall in the first six months, up 2.8 percent year-on-year, though fiscal discipline kept the gap below programmed levels amid stronger tax collection.

By Priyanka V. Rao · 5 min ·

Asia's overnight moves, distilled into a five-minute read.

Indonesia Sets 6% Growth Target as Prabowo Unveils 2027 Fiscal Blueprint

Manila Runs Wider Deficit Yet Stays Under Target as Revenue Climbs Faster Than Spending