While waiting for the full year 2025 cash operations report (COR) of the Bureau of the Treasury (BTr), I checked the data from January-November 2025. The budget deficit is P1.26 trillion and since National Government disbursements in December reached around P600 billion while revenue was around P300 billion, the full year deficit may reach P1.56 —⚠️ Disclaimer: This post is shared for informational purposes only. Content is summarized from publicly available news.