Our strong fiscal performance in February sets us up for a stable first quarter of this year. This acts as our safety net, giving us the resources to support the economy, especially during this time of uncertainty.

With tax and non-tax revenues growing and expenditures kept targeted, we have successfully reduced our fiscal deficit.

This fiscal buffer allows us space to provide timely, targeted, and managed subsidies to help those most affected in our country by the Middle East event. This performance by the Department of Finance (DOF) and its attached agencies allows the government to maintain fiscal discipline and ensure a sustainable path in managing the current crisis.

Read the full report: https://www.treasury.gov.ph/wp-content/uploads/2026/04/COR-Press-Release-Feb-2026_final.pdf