MANILA — Total government revenues climbed 1.13 percent to ₱3.81 trillion as of end-October 2025, the Bureau of the Treasury (BTr) reported.

The increase was driven by a 7.45 percent rise in tax collections, bringing year-to-date collections to 84.25 percent of the full-year target of ₱4.52 trillion.

The Bureau of Internal Revenue (BIR), which accounts for about 70 percent of total revenues, collected ₱2.65 trillion, up 9.55 percent from ₱2.42 trillion in the same period last year. Revenues from the Bureau of Customs (BOC) rose 0.91 percent to ₱784.6 billion from ₱777.6 billion, while other offices contributed ₱31.2 billion, up 7.48 percent.

For non-tax revenues, the BTr recorded ₱209.6 billion, lower than last year’s ₱224.7 billion, while other offices posted ₱131.7 billion, down 58.12 percent.

Despite revenue growth, expenditures increased 3.9 percent to ₱4.19 trillion, representing about 80.80 percent of the full-year program, resulting in a budget deficit of ₱1.11 trillion, up 14.75 percent from ₱963.9 billion in October 2024. The full-year deficit target is ₱1.56 trillion.

For October alone, revenues reached ₱441.7 billion, down from ₱473.1 billion a year ago, while expenditures fell 7.76 percent to ₱430.6 billion from ₱466.8 billion, widening the monthly budget gap to ₱11.2 billion from ₱6.3 billion in October 2024.