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                    [ArticleID] => 2522346
                    [Title] => Philippines lacks fiscal room for supplemental budget, detrimental to deficit – CPBRD
                    [Summary] => 
The Philippine government is cautioned against lawmakers’ proposals for a supplemental budget intended to cushion the impact of the Middle East conflict, citing limited fiscal space and the risk of widening the deficit and debt.

                    [DatePublished] => 2026-04-21 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808868
                    [AuthorName] => Aubrey Rose Inosante
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2026/04/20/13_2026-04-20_18-52-46200_thumbnail.jpg
                )

            [1] => Array
                (
                    [ArticleID] => 2514524
                    [Title] => Current account deficit narrows to $16 billion in 2025
                    [Summary] => 
The country’s current account deficit narrowed in 2025 as stronger exports, record remittances from overseas Filipinos and resilient services receipts helped cushion the country’s external position despite global economic uncertainties.

                    [DatePublished] => 2026-03-16 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2026/03/15/5_2026-03-15_17-42-15237_thumbnail.jpg
                )

            [2] => Array
                (
                    [ArticleID] => 2511787
                    [Title] => 2025 budget deficit swells to P1.58 trillion
                    [Summary] => 
The government saw a wider budget gap of P1.58 trillion last year, exceeding its programmed deficit despite tempered public spending, which offset lower revenue collection.

                    [DatePublished] => 2026-03-04 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808868
                    [AuthorName] => Aubrey Rose Inosante
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2026/03/03/2_2026-03-03_19-12-18828_thumbnail.jpg
                )

            [3] => Array
                (
                    [ArticleID] => 2385060
                    [Title] => Current account deficit widens to $5.1 billion in Q2
                    [Summary] =>  The country’s current account deficit widened by 25 percent to $5.1 billion in the second quarter from $4.1 billion in the same period a year ago, due largely to the higher trade in goods gap, according to the Bangko Sentral ng Pilipinas.
                    [DatePublished] => 2024-09-14 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2024/09/13/irra_2024-09-13_19-28-4976_thumbnail.jpg
                )

            [4] => Array
                (
                    [ArticleID] => 2180324
                    [Title] => We are suffering from democacry deficit
                    [Summary] => In the finance world, we always talk about deficit to mean that the positive is less than the negative. 
                    [DatePublished] => 2022-05-11 00:00:00
                    [ColumnID] => 136556
                    [Focus] => 1
                    [AuthorID] => 1720995
                    [AuthorName] => Rose Fres Fausto
                    [SectionName] => Lifestyle Features
                    [SectionUrl] => lifestyle-features
                    [URL] => https://media.philstar.com/photos/2022/05/11/cover_2022-05-11_10-34-37728_thumbnail.jpg
                )

            [5] => Array
                (
                    [ArticleID] => 1543110
                    [Title] => Palace releases conflicting data on SSS deficit
                    [Summary] => 
Malacañang has released conflicting data on the supposed yearly deficit the Social Security System (SSS) would incur if President Aquino did not veto the P2,000 across-the-board pension hike proposed in Congress.

                    [DatePublished] => 2016-01-15 09:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 1534052
                    [Title] => BSP sees higher BOP surplus in 2016
                    [Summary] => 
The Bangko Sentral ng Pilipinas (BSP) is looking at a higher balance of payments (BOP) surplus in 2016 on the back of increased investments and sustained resilience of recurring sources of income.

                    [DatePublished] => 2015-12-18 09:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20151219/abenoja-2.jpg
                )

            [7] => Array
                (
                    [ArticleID] => 1501268
                    [Title] => BOP swings to deficit in August
                    [Summary] => 
The country’s balance of payments (BOP) position reverted to a deficit in August due to the volatility in the financial markets brought about by the devaluation of the Chinese yuan and the global stock market rout, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

                    [DatePublished] => 2015-09-18 10:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20150919/bsp-building-3.jpg
                )

            [8] => Array
                (
                    [ArticleID] => 1497069
                    [Title] => Budget swings to P32.2-B deficit in July
                    [Summary] => 
The Aquino administration’s budget balance swung to a deficit in the first seven months of the year after government spending accelerated at its fastest rate in 13 months, the Bureau of the Treasury reported yesterday.

                    [DatePublished] => 2015-09-07 10:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20150908/Budget-1.jpg
                )

            [9] => Array
                (
                    [ArticleID] => 1496987
                    [Title] => Gov't spending accelerates to fastest pace in July
                    [Summary] => 
Picking up from the previous month, government spending accelerated by its fastest this year, swinging the national government's budget balance to deficit for the first seven months.

                    [DatePublished] => 2015-09-06 22:04:59
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1097494
                    [AuthorName] => Prinz Magtulis
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => http://media.philstar.com/images/the-philippine-star/nation/20190819/road-project-makati.jpg
                )

        )

)

deficit

Array
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                    [ArticleID] => 2522346
                    [Title] => Philippines lacks fiscal room for supplemental budget, detrimental to deficit – CPBRD
                    [Summary] => 
The Philippine government is cautioned against lawmakers’ proposals for a supplemental budget intended to cushion the impact of the Middle East conflict, citing limited fiscal space and the risk of widening the deficit and debt.

                    [DatePublished] => 2026-04-21 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808868
                    [AuthorName] => Aubrey Rose Inosante
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2026/04/20/13_2026-04-20_18-52-46200_thumbnail.jpg
                )

            [1] => Array
                (
                    [ArticleID] => 2514524
                    [Title] => Current account deficit narrows to $16 billion in 2025
                    [Summary] => 
The country’s current account deficit narrowed in 2025 as stronger exports, record remittances from overseas Filipinos and resilient services receipts helped cushion the country’s external position despite global economic uncertainties.

                    [DatePublished] => 2026-03-16 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2026/03/15/5_2026-03-15_17-42-15237_thumbnail.jpg
                )

            [2] => Array
                (
                    [ArticleID] => 2511787
                    [Title] => 2025 budget deficit swells to P1.58 trillion
                    [Summary] => 
The government saw a wider budget gap of P1.58 trillion last year, exceeding its programmed deficit despite tempered public spending, which offset lower revenue collection.

                    [DatePublished] => 2026-03-04 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808868
                    [AuthorName] => Aubrey Rose Inosante
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2026/03/03/2_2026-03-03_19-12-18828_thumbnail.jpg
                )

            [3] => Array
                (
                    [ArticleID] => 2385060
                    [Title] => Current account deficit widens to $5.1 billion in Q2
                    [Summary] =>  The country’s current account deficit widened by 25 percent to $5.1 billion in the second quarter from $4.1 billion in the same period a year ago, due largely to the higher trade in goods gap, according to the Bangko Sentral ng Pilipinas.
                    [DatePublished] => 2024-09-14 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1808134
                    [AuthorName] => Keisha Ta-Asan
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2024/09/13/irra_2024-09-13_19-28-4976_thumbnail.jpg
                )

            [4] => Array
                (
                    [ArticleID] => 2180324
                    [Title] => We are suffering from democacry deficit
                    [Summary] => In the finance world, we always talk about deficit to mean that the positive is less than the negative. 
                    [DatePublished] => 2022-05-11 00:00:00
                    [ColumnID] => 136556
                    [Focus] => 1
                    [AuthorID] => 1720995
                    [AuthorName] => Rose Fres Fausto
                    [SectionName] => Lifestyle Features
                    [SectionUrl] => lifestyle-features
                    [URL] => https://media.philstar.com/photos/2022/05/11/cover_2022-05-11_10-34-37728_thumbnail.jpg
                )

            [5] => Array
                (
                    [ArticleID] => 1543110
                    [Title] => Palace releases conflicting data on SSS deficit
                    [Summary] => 
Malacañang has released conflicting data on the supposed yearly deficit the Social Security System (SSS) would incur if President Aquino did not veto the P2,000 across-the-board pension hike proposed in Congress.

                    [DatePublished] => 2016-01-15 09:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

            [6] => Array
                (
                    [ArticleID] => 1534052
                    [Title] => BSP sees higher BOP surplus in 2016
                    [Summary] => 
The Bangko Sentral ng Pilipinas (BSP) is looking at a higher balance of payments (BOP) surplus in 2016 on the back of increased investments and sustained resilience of recurring sources of income.

                    [DatePublished] => 2015-12-18 09:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20151219/abenoja-2.jpg
                )

            [7] => Array
                (
                    [ArticleID] => 1501268
                    [Title] => BOP swings to deficit in August
                    [Summary] => 
The country’s balance of payments (BOP) position reverted to a deficit in August due to the volatility in the financial markets brought about by the devaluation of the Chinese yuan and the global stock market rout, the Bangko Sentral ng Pilipinas (BSP) reported yesterday.

                    [DatePublished] => 2015-09-18 10:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1097197
                    [AuthorName] => Lawrence Agcaoili
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20150919/bsp-building-3.jpg
                )

            [8] => Array
                (
                    [ArticleID] => 1497069
                    [Title] => Budget swings to P32.2-B deficit in July
                    [Summary] => 
The Aquino administration’s budget balance swung to a deficit in the first seven months of the year after government spending accelerated at its fastest rate in 13 months, the Bureau of the Treasury reported yesterday.

                    [DatePublished] => 2015-09-07 10:00:00
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => http://media.philstar.com/images/the-philippine-star/business/business-main/20150908/Budget-1.jpg
                )

            [9] => Array
                (
                    [ArticleID] => 1496987
                    [Title] => Gov't spending accelerates to fastest pace in July
                    [Summary] => 
Picking up from the previous month, government spending accelerated by its fastest this year, swinging the national government's budget balance to deficit for the first seven months.

                    [DatePublished] => 2015-09-06 22:04:59
                    [ColumnID] => 0
                    [Focus] => 0
                    [AuthorID] => 1097494
                    [AuthorName] => Prinz Magtulis
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => http://media.philstar.com/images/the-philippine-star/nation/20190819/road-project-makati.jpg
                )

        )

)

abtest