Bureau of Customs collects ₱757.4 billion in the first nine months of 2026, beating its target by 1.2% and moving closer to its ₱1-trillion full-year goal.
Higher social assistance, rail and AFP modernization outlays drive government spending increase.
National Government’s July deficit jumped from ₱18.9 billion a year ago as spending growth outpaced revenue growth.
National Government continues to rely on borrowing as domestic debt climbs to ₱12.84 trillion.
Budget shortfall reaches ₱198.5 billion as lower non-tax collections offset gains in tax revenues.
Sovereign wealth fund turns over 75% of its 2025 earnings to the National Government as officials cite funding needs linked to the energy emergency.
