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  • Budget shortfall eases as tax collections continue to climb

    Budget shortfall eases as tax collections continue to climb

    MANILA — The national government’s budget deficit slightly narrowed in the first five months of 2026 as revenue collections continued to post growth, according to data released by the Bureau of the Treasury (BTr). In its latest cash operations report, the BTr reported that the budget shortfall stood at PHP522.5 billion from January to May,…