{"id":33442,"date":"2014-12-02T11:27:32","date_gmt":"2014-12-02T03:27:32","guid":{"rendered":"https:\/\/canadianinquirer.net\/v1\/?p=33442"},"modified":"2014-12-02T23:30:58","modified_gmt":"2014-12-02T15:30:58","slug":"revenue-collection-outpaces-govt-spending","status":"publish","type":"post","link":"https:\/\/canadianinquirer.net\/v1\/2014\/12\/02\/revenue-collection-outpaces-govt-spending\/","title":{"rendered":"Revenue collection outpaces gov\u2019t spending"},"content":{"rendered":"<figure id=\"attachment_11745\" aria-describedby=\"caption-attachment-11745\" style=\"width: 300px\" class=\"wp-caption alignnone\"><a href=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/global-economy.jpg\"><img loading=\"lazy\" decoding=\"async\" class=\"size-medium wp-image-11745\" src=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/global-economy-300x200.jpg\" alt=\"ShutterStock image\" width=\"300\" height=\"200\" srcset=\"https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/global-economy-300x200.jpg 300w, https:\/\/canadianinquirer.net\/v1\/wp-content\/uploads\/2014\/05\/global-economy.jpg 1000w\" sizes=\"auto, (max-width: 300px) 100vw, 300px\" \/><\/a><figcaption id=\"caption-attachment-11745\" class=\"wp-caption-text\">ShutterStock image<\/figcaption><\/figure>\n<p>MANILA \u2013 Narrowing the deficit for October to P2.5 billion, the country\u2019s growth in revenue collection outpaced government spending for the month.<\/p>\n<p>The figure, which indicates 71.4 percent lower than the deficit in October.<\/p>\n<p>The 10-month shortfall to P33.6 billion was brought by the decreased deficit at the start of the fourth quarter.<\/p>\n<p>The Department of Finance on Monday said that the deficit for the month of October was lower compared to the same month last year.<\/p>\n<p>The said decrease by 77 percent happened \u201cas expenditures continued to grow at a slower pace than revenues.\u201d<\/p>\n<p>The Bureau of Internal Revenue\u2019s collection increase by 7 percent to P101.8 billion in October. This brought an end-October take P1.1 trillion, a figure that is 11 percent more on year-on-year comparison.<\/p>\n<p>A quick jump to P34.2 billion at 23 percent was posted by the collections of the Bureau of Customs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>MANILA \u2013 Narrowing the deficit for October to P2.5 billion, the country\u2019s growth in revenue collection outpaced government spending for &hellip;<\/p>\n","protected":false},"author":44,"featured_media":11745,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[19],"tags":[],"class_list":["post-33442","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","mauthors-lei-fontamillas","mauthors-philippine-canadian-inquirer"],"_links":{"self":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/33442","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/users\/44"}],"replies":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/comments?post=33442"}],"version-history":[{"count":0,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/posts\/33442\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media\/11745"}],"wp:attachment":[{"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/media?parent=33442"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/categories?post=33442"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/canadianinquirer.net\/v1\/wp-json\/wp\/v2\/tags?post=33442"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}