Philippines’ budget gap widened in 2025 to P1.58T 

MANILA, Philippines – The Philippine government exceeded its budget deficit target for 2025 as the shortfall widened by nearly five percent amid softer revenue collections. In its latest cash operations report, the Bureau of the Treasury (BTr) said the full-year deficit widened 4.68 percent to P1.58 trillion, above the P1.56-trillion program set by the Development