Live Breaking News & Updates on Ir 39s Total Collection Of Php959 Billion As End May Beat Last Year Performance For The Same Period By 9 92 Percent Or Php86 6 Bureau Customs Boc Collected Php66 3 In

MANILA - The national government (NG) registered a budget deficit of PHP146.8 billion in May, down by 26.72 percent from PHP200.3 billion recorded a year ago due to double-digit revenue growth alongside the 1.10-percent contraction in government expenditures. The resulting year-to-date (YTD) budget gap also declined by 18.99 percent or PHP107.5 billion to PHP458.7 billion from the previous year's outturn of PHP566.2 billion. Total revenues grew by 18.91 percent to PHP304.9 billion for the month compared to PHP256.4 billion collected in May 2021. Year-to-date collection amounting to PHP1,437.2 billion also reflected a 15.46 percent or PHP192.4 billion improvement over last year's comparable revenue performance. Ninety percent (90 percent) or PHP1,289.6 billion of the total collections was sourced from taxes while the remaining 10 percent or PHP147.6 billion came from non-tax revenues. The Bureau of Internal Revenue's (BIR) net collections amounted to PHP216.6 billion, notchi ....

Bureau Of Customs , Bureau Of Internal Revenue , Bureau Of The Treasury Btr , Bond Sinking Fund , Internal Revenue , Manila The National Government Ng Registereda Budget Deficit Of Php146 8 Billion In May , Own By 26 72 Percent From Php200 3 Billion Recordeda Year Ago Due To Double Digit Revenue Growth Alongside The 1 10 Contraction In Government Expenditures Resulting Date Ytd Budget Gap Also Declined 18 99 Or Php107 5 Php458 7 Previous 39s Outturn Of Php566 2 Total Revenues Grew 91 Php304 9 For Month Compared Php256 4 Collected May 2021 Collection Amounting Php1 , 437 2 Billion Also Reflecteda 15 46 Percent Or Php192 4 Improvement Over Last Year 39s Comparable Revenue Performance Ninety 90 Php1 , 289 6 Billion Of The Total Collections Was Sourced From Taxes While Remaining 10 Percent Or Php147 Came Non Tax Revenues Bureau Internal Revenue 39s Bir Net Amounted To Php216 , Otchinga 17 91 Percent Or Php32 9 Billion Increase From The Php183 7 Logged In Same Month Last Year Likewise , Ir 39s Total Collection Of Php959 Billion As End May Beat Last Year Performance For The Same Period By 9 92 Percent Or Php86 6 Bureau Customs Boc Collected Php66 3 In , Egistering Year On Growth Of 36 35 Percent Or Php17 7 Billion , He Highest Growth Achieved Since The Beginning Of Year This Brought Boc 39s Cumulative Collections To Php320 5 Billion As End May 2022 , 8 42 Percent Or Php70 9 Billion Above The Previous Year 39s Outcome Of Php249 6 Bureau Treasury Btr Income For Month Amounting To Php8 Was Lower By 28 22 Php3 5 On Largely Due Dividend Remittances Nevertheless , Tr 39s Year To Date Collection Of Php83 4 Billion Still Grew By 37 08 Percent Or Php22 5 Compared Last Php60 8 On Account Higher Dividend Remittances , G Share From Pagcor Income As Well Bond Sinking Fund Bsf Investments May 2022 Collections Other Offices Non Tax Including Privatization Proceeds And Fees Charges Increased By 8 35 Percent Over Last Year At Php10 4 Billion , Ringing January To May Collections Php64 2 Billion , Lso Higher By 18 49 Percent Or Php10 Billion Over The Same Perioda Year Ago Php451 7 National Government Expenditure For Month Was Slightly Lower 1 10 Php5 Compared To Last 39s Php456 Nevertheless , Ear To Date Disbursements Of Php1 , 895 9 Billion Still Outperformed The January May 2021 Level By 4 69 Percent Or Php84 Pr ,