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MANILA, Philippines (Xinhua) - The Philippine fiscal deficit widened further to P272.5 billion ($5.8 billion) in the months of January to November as the recent typhoons slackened revenue collection and increased government spending, Philippine Finance Secretary Margarito Teves said on Monday.
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                    [Title] => RP fiscal deficit in October hits over $600 million
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MANILA, Philippines (Xinhua) - The fiscal deficit of the Philippine national government in October hit P28.5 billion ($612 million), significantly higher than the P9 billion ($193 million) deficit posted in October 2008 as dwindling revenues can not keep up with rising government expenditure, Philippine Finance Secretary Margarito Teves said Wednesday.
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PHILIPPINE FINANCE SECRETARY MARGARITO TEVES

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abtest

RP fiscal deficit in January-February rise by 4.9 percent

March 24, 2010 - 12:00am

The fiscal deficit of the Philippine national government in the first two months of the year rose 4.9 percent on year to P70.3 billion ($1.5 billion), mainly to lower income from treasury operations, Philippine Finance...

RP government mulls exit strategy to limit fiscal deficit

March 22, 2010 - 11:02pm

The Philippine government may need to gradually withdraw the fiscal stimulus to limit the huge fiscal deficit, a senior economic manager said Monday.

RP government sells 100 billion Yen Samurai Bonds

February 23, 2010 - 9:04pm

The Philippine government sold 100 billion yen ($1.1 billion) worth of yen-denominated bonds through private placement, a senior official said on Tuesday.

RP to sell 60 percent stake of state-owned exploration firm

December 21, 2009 - 11:30pm

MANILA, Philippines (Xinhua) - The Philippine government is selling its 60 percent stake at the Philippine National Oil Co.- Exploration Corp. to help raise funds that will narrow its huge deficit, according to a...

RP fiscal deficit hits record high of nearly $6 billion

December 21, 2009 - 11:01pm

MANILA, Philippines (Xinhua) - The Philippine fiscal deficit widened further to P272.5 billion ($5.8 billion) in the months of January to November as the recent typhoons slackened revenue collection and increased...

RP fiscal deficit in October hits over $600 million

November 18, 2009 - 10:01pm

MANILA, Philippines (Xinhua) - The fiscal deficit of the Philippine national government in October hit P28.5 billion ($612 million), significantly higher than the P9 billion ($193 million) deficit posted in October...

World Bank, ADB to approve $280 million for reconstruction in RP: official

October 20, 2009 - 12:00am

MANILA, Philippines (Xinhua) - Both the World Bank and the Asian Development Bank are looking to help the Philippine government reconstruct or rehabilitate ruined public infrastructure by fast- tracking $280 million...

RP seeks foreign grants, sale of state firms to feed huge spending

April 23, 2009 - 12:00am

MANILA, Philippines (Xinhua) - The government will seek foreign grants and rely on sales of state-owned companies to raise revenues and plug this year's fiscal deficit, Philippine Finance Secretary Margarito Teves...

Asian nations brace for economic crisis

November 22, 2008 - 12:00am

Asian countries led by economic powerhouses China and Japan want an expanded regional emergency fund in place next year to better shield the region from the impact of the global financial crisis, officials said...

Business

LOCAL NEWS: Asian nations brace for economic crisis

November 21, 2008 - 1:03pm

MANILA (AP) -Asian countries led by economic powerhouses China and Japan want an expanded regional emergency fund in place next year to better shield the region from the impact of the global financial crisis, ...