The national government’s fiscal balance recorded a deficit of P86.38 B in July 2018 compared to P50.51 B deficit last year. Thus, bringing up the 2018 total deficit to P279.40 B – a 36.30% increase from the same period in 2017.

Revenue in July 2018 grew to P241.74 B from the P194.62 B recorded in 2017, resulting in a 24.21% growth in revenue collections. However, national government spending reached P328.13 B, up by 33.86% from the P245.13 B recorded last year.

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