Philippines' budget deficit stood at PHP 37.1 billion in January, lower than the PHP 38.1 billion deficit a year ago, the country's finance department said on Thursday.
Revenue collections reached PHP 92.3 billion in January, up 18% compared to a year ago.
Expenditures, meanwhile, reached PHP 129.4 billion, up 4% from a year ago.
Netting out interest payments in expenditures, the government recorded a primary surplus of PHP 0.5 billion, the ministry said.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.