Land Bank onboards unbanked PhilSys registrants mb.com.ph - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from mb.com.ph Daily Mail and Mail on Sunday newspapers.
OVER 3 million unbanked Filipinos have registered transaction accounts with Land Bank of the Philippines (LandBank) after signing up for the National Identification (ID) system. In a statement on Friday, LandBank announced that it had onboarded a total of 3.794 million unbanked National ID registrants for transaction accounts. The cards are part of the lender's ongoing partnership with the Philippine Statistics Authority to co-locate in the.
Budget deficit topped P1t in 11 months as tax collections fell manilastandardtoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from manilastandardtoday.com Daily Mail and Mail on Sunday newspapers.
THE national government’s budget deficit climbed to P128.3 billion in November 2020 as public spending rebounded during the month, the Bureau of Treasury (BTr) said on Wednesday.
Data from the Treasury bureau showed that the shortfall was more than twice last year’s P60.9-billion budget gap, resulting in a cumulative budget deficit of P1.069 trillion, higher than the P409.1 billion recorded for the January-November 2019 period.
The year-to-date deficit, however, only made up 59 percent of the P1.815-trillion revised full-year program, it said.
Revenues slid by 19.35 percent or P59.0 billion to P245.8 billion year-over-year. Of the total, 96 percent or P235.9 billion was raised through taxes, while the remaining 4 percent or P9.9 billion was generated from non-tax collections.