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NG budget deficit balloons in June

24 July 2025
in Business
Reading Time: 4 mins read
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NG budget deficit balloons in June
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THE NATIONAL Government’s (NG) budget deficit ballooned to P241.6 billion in June as state spending outpaced revenue collections, the Bureau of the Treasury (BTr) said on Thursday.

Data from the Treasury showed the Philippines’ budget deficit widened by 15.56% to P241.6 billion in June from P209.1 billion in the same month a year ago.

Month on month, the budget deficit widened by 66.46% from P145.2 billion in May.

In June, state spending jumped by 8.49% to P548.5 billion from P505.6 billion in June 2024.

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