- Revenues rose 15.95% y/y
- Revenues were PHP268.2b
- Expenditures rose 13.57% y/y
- Expenditures were PHP646.6b
- Budget deficit was PHP1.6t in January to December
- Bureau of Internal Revenue’s collection rose 12.4% to 2.3t pesos in 2022, according to statement from Bureau of the Treasury
- 2022 budget deficit of 1.6t pesos was less than previous year’s 1.7t pesos shortfall and within the 1.7t pesos FY program