cit shrank by 1.44% to P316.8 billion, from P321.5 billion during the same period in 2021.
Rizal Commercial Banking Corp. Chief Economist Michael L. Ricafort said that the reopening of the economy enabled the government to increase tax collections in the first quarter. He noted government spending on the pandemic response may have declined after the implementation of granular lockdowns. “Revenue growth can be tied to the 107% increase of borrowing linked to a retail treasury bond issuance and the 70.8% jump in BoC due to more expensive fuel,” Mr. Mapa said.
The country has borrowed P1.31 trillion and received grants worth P2.7 billion for its COVID-19 response from 2020 to Jan. 14, 2022.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Vic Sotto, nakatanggap ng pagbati mula sa mga natulungan ng 'Eat Bulaga'Bukod sa EatBulaga hosts, nagbigay rin ng mensahe para sa kaarawan ni Vic Sotto ang ilan sa mga natulungan ng programa! ❤️
Source: gmanetwork - 🏆 12. / 63 Read more »
Ipinundar ng dating OFW na aabot sa kalahating milyon, natangay ng 'Dugo-dugo' gangNalimas ang ipinundar ng isang dating overseas Filipino worker matapos silang mabiktima ng 'Dugo-dugo' gang sa Rodriguez, Rizal.
Source: gmanews - 🏆 11. / 68 Read more »
Bata, patay matapos bugbugin ng sariling ama sa Rodriguez, RizalPatay ang isang bata sa Rodriguez, Rizal matapos bugbugin at ihampas ng ilang beses sa kalsada ng kanyang sariling ama. wag nyo na ikulong yang taong yan...sabihin nyo na lng na nanlaban sa mga pulis....
Source: gmanews - 🏆 11. / 68 Read more »
RESULTS: March 2022 Licensure Examination for TeachersPRESS RELEASE: The Professional Regulation Commission announces that 10,039 elementary teachers out of 20,567 examinees and 7,809 secondary teachers out of 18,717 examinees passed the examination.
Source: rapplerdotcom - 🏆 4. / 86 Read more »
Peso falls on virus fears, March ‘hot money’ net outflow - BusinessWorld OnlineTHE PESO weakened versus the greenback on Thursday following news of the detection of a case of the new sub-variant of the coronavirus disease 2019 in the country and data showing a net “hot money” outflow last month.
Source: bworldph - 🏆 9. / 68 Read more »
Hot money outflows reach $305 M in MarchThe central bank-registered foreign portfolio investments in March registered a net outflow of $305 million, reversing February’s net inflow of $274 million.
Source: manilabulletin - 🏆 25. / 51 Read more »