The national government’s fiscal balance recorded a deficit of PhP39.12 billion in November 2018 bringing up the 2018 total deficit to PhP477.22 billion – a 96.0% increase from the same period in 2017.

Revenue in Jan-Nov 2018 grew to PhP2,617.98 billion from the PhP2,250.04 billion recorded in 2017, resulting in a 16.4% growth in revenue collections. However, national government spending reached PhP3,095.19 billion, up by 24.1% from the PhP2,493.53 billion recorded last year.

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