BusinessWorld E-paper
March 4, 2026
THE NATIONAL Government’s (NG) budget deficit breached its 2025 ceiling after the main tax agencies missed their collection targets and state spending slowed amid a corruption scandal, the Bureau of the Treasury (BTr) said.
Data from the Treasury released on Tuesday showed that the budget deficit widened by 4.68% or P70.5 billion to P1.58 trillion in 2025 from P1.51 trillion in 2024.
