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The national government’s fiscal balance recorded a deficit of PhP59.87 billion in October 2018 bringing up the 2018 total deficit to PhP438.10 billion – a 86.5% increase from the same period in 2017.

Revenue in Jan-Oct 2018 grew to PhP2,358.27 billion from the PhP2,006.55 billion recorded in 2017, resulting in a 17.5% growth in revenue collections. However, national government spending reached PhP2,796.37 billion, up by 24.8% from the PhP2,241.41 billion recorded last year.

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