By Justine Irish D. Tabile, Senior Reporter
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.
It exceeded the P1.56-trillion deficit ceiling set by the Development Budget Coordination Committee for 2025 or by P15.1 billion.
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