The national government’s fiscal balance recorded a deficit of PhP81.04 billion in December 2018 bringing up the 2018 total deficit to PhP558.26billion – a 59.2% increase from the same period in 2017.

Revenue in 2018 grew to PhP2,850.18 billion from the PhP2,473.13 billion recorded in 2017, resulting 15.3% growth in revenue collections. However, national government spending reached PhP3,408.44 billion, up by 20.7% from the PhP2,823.77 billion recorded last year.

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