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                    [Title] => S&P: Upgrade prospects delayed as external risks rise
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S&P kept the Philippines at BBB+ but cut the outlook to stable as oil risks mounted.

                    [DatePublished] => 2026-04-10 16:53:00
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                    [ArticleID] => 2519544
                    [Title] => Fiscal position weakens as spending accelerates
                    [Summary] => 
February’s wider deficit points to rising spending pressure as oil and subsidy risks build.

                    [DatePublished] => 2026-04-08 10:03:00
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                    [ArticleID] => 2516303
                    [Title] => Fiscal trade-offs emerge amid fuel relief
                    [Summary] => 
Potential fuel tax relief may ease inflation but could constrain government spending if revenues fall.

                    [DatePublished] => 2026-03-23 14:30:00
                    [ColumnID] => 0
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                    [ArticleID] => 2514960
                    [Title] => Fuel tax relief considered amid oil surge
                    [Summary] => 
Lawmakers advanced fuel tax relief as oil risks rise, with possible benefits for inflation but costs to fiscal revenues.

                    [DatePublished] => 2026-03-17 16:13:00
                    [ColumnID] => 0
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                    [SectionName] => Stock Commentary
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                    [ArticleID] => 1954334
                    [Title] => Budget gap narrows in 8 months
                    [Summary] => The national government’s fiscal deficit narrowed in the first eight months as the increase in revenues outpaced the growth in public expenditures, according to government data.
                    [DatePublished] => 2019-09-24 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804771
                    [AuthorName] => Mary Grace Padin
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 1905645
                    [Title] => Government reverts to budget gap  in February
                    [Summary] => The national government’s fiscal position reverted back to a deficit in February as public spending recovered despite the continued delay in the reenacted budget, the Bureau of the Treasury said yesterday.
                    [DatePublished] => 2019-03-30 00:00:00
                    [ColumnID] => 0
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                    [AuthorID] => 1804771
                    [AuthorName] => Mary Grace Padin
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [ArticleID] => 1895644
                    [Title] => Government overshoots fiscal deficit target in 2018
                    [Summary] =>  The national government incurred a fiscal deficit of P558.26 billion in 2018, surpassing the revised ceiling set by economic managers for the period.
                    [DatePublished] => 2019-02-22 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804771
                    [AuthorName] => Mary Grace Padin
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => https://media.philstar.com/photos/2019/02/21/bus1-infrastructure_2019-02-21_20-24-48312_thumbnail.jpg
                )

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                    [ArticleID] => 1880347
                    [Title] => Fiscal gap widens 4-fold in November as spending surges
                    [Summary] => The government‘s fiscal deficit widened more than four times year-on-year to reach P39.1 billion in November, as the strong growth in government spending outpaced the moderate increase in revenue, the Bureau of the Treasury reported yesterday.
                    [DatePublished] => 2018-12-28 00:00:00
                    [ColumnID] => 0
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                    [AuthorName] => Mary Grace Padin
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                    [Title] => Government confident fiscal deficit to fall within target for 2018
                    [Summary] => The Department of Budget and Management yesterday gave assurance that the national government would not breach its 2018 fiscal deficit ceiling on the back of higher revenue in the fourth quarter of the year.
                    [DatePublished] => 2018-11-20 00:00:00
                    [ColumnID] => 0
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                    [AuthorName] => Mary Grace Padin
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                    [ArticleID] => 1868316
                    [Title] => Fiscal deficit widens by 78% in 9 months
                    [Summary] => The national government’s fiscal deficit widened by 78 percent to P378.2 billion in the nine months to September, already accounting for three percent of the country’s gross domestic product.
                    [DatePublished] => 2018-11-14 00:00:00
                    [ColumnID] => 0
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                    [AuthorID] => 1804771
                    [AuthorName] => Mary Grace Padin
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fiscal deficit

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                    [Title] => S&P: Upgrade prospects delayed as external risks rise
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S&P kept the Philippines at BBB+ but cut the outlook to stable as oil risks mounted.

                    [DatePublished] => 2026-04-10 16:53:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
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                    [ArticleID] => 2519544
                    [Title] => Fiscal position weakens as spending accelerates
                    [Summary] => 
February’s wider deficit points to rising spending pressure as oil and subsidy risks build.

                    [DatePublished] => 2026-04-08 10:03:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Stock Commentary
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                    [ArticleID] => 2516303
                    [Title] => Fiscal trade-offs emerge amid fuel relief
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Potential fuel tax relief may ease inflation but could constrain government spending if revenues fall.

                    [DatePublished] => 2026-03-23 14:30:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Stock Commentary
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                    [Title] => Fuel tax relief considered amid oil surge
                    [Summary] => 
Lawmakers advanced fuel tax relief as oil risks rise, with possible benefits for inflation but costs to fiscal revenues.

                    [DatePublished] => 2026-03-17 16:13:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 
                    [AuthorName] => 
                    [SectionName] => Stock Commentary
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                    [ArticleID] => 1954334
                    [Title] => Budget gap narrows in 8 months
                    [Summary] => The national government’s fiscal deficit narrowed in the first eight months as the increase in revenues outpaced the growth in public expenditures, according to government data.
                    [DatePublished] => 2019-09-24 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804771
                    [AuthorName] => Mary Grace Padin
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                    [URL] => 
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                    [ArticleID] => 1905645
                    [Title] => Government reverts to budget gap  in February
                    [Summary] => The national government’s fiscal position reverted back to a deficit in February as public spending recovered despite the continued delay in the reenacted budget, the Bureau of the Treasury said yesterday.
                    [DatePublished] => 2019-03-30 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804771
                    [AuthorName] => Mary Grace Padin
                    [SectionName] => Business
                    [SectionUrl] => business
                    [URL] => 
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                    [Title] => Government overshoots fiscal deficit target in 2018
                    [Summary] =>  The national government incurred a fiscal deficit of P558.26 billion in 2018, surpassing the revised ceiling set by economic managers for the period.
                    [DatePublished] => 2019-02-22 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804771
                    [AuthorName] => Mary Grace Padin
                    [SectionName] => Business
                    [SectionUrl] => business
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                    [ArticleID] => 1880347
                    [Title] => Fiscal gap widens 4-fold in November as spending surges
                    [Summary] => The government‘s fiscal deficit widened more than four times year-on-year to reach P39.1 billion in November, as the strong growth in government spending outpaced the moderate increase in revenue, the Bureau of the Treasury reported yesterday.
                    [DatePublished] => 2018-12-28 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804771
                    [AuthorName] => Mary Grace Padin
                    [SectionName] => Business
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                    [ArticleID] => 1869986
                    [Title] => Government confident fiscal deficit to fall within target for 2018
                    [Summary] => The Department of Budget and Management yesterday gave assurance that the national government would not breach its 2018 fiscal deficit ceiling on the back of higher revenue in the fourth quarter of the year.
                    [DatePublished] => 2018-11-20 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804771
                    [AuthorName] => Mary Grace Padin
                    [SectionName] => Business
                    [SectionUrl] => business
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                )

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                    [ArticleID] => 1868316
                    [Title] => Fiscal deficit widens by 78% in 9 months
                    [Summary] => The national government’s fiscal deficit widened by 78 percent to P378.2 billion in the nine months to September, already accounting for three percent of the country’s gross domestic product.
                    [DatePublished] => 2018-11-14 00:00:00
                    [ColumnID] => 0
                    [Focus] => 1
                    [AuthorID] => 1804771
                    [AuthorName] => Mary Grace Padin
                    [SectionName] => Business
                    [SectionUrl] => business
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abtest