2025 budget deficit exceeds target at P1.58T 

MANILA, Philippines – The national government’s budget deficit widened by 4.68 percent to P1.58 trillion in 2025, slightly exceeding the official target amid softer revenue collections.  According to the Bureau of the Treasury’s (BTr) latest cash operations report on Tuesday, the full-year deficit surpassed the Development Budget Coordination Committee’s (DBCC) P1.56-trillion target, although the impact