The national government (NG) yielded P2,856.0 billion in total revenues in fiscal year 2020, of which P2,504.4 billion were derived from tax sources and P351.5 billion from non-tax sources. As shown in Figure 1, actual tax collections exceeded the revised program of P2,205.2 by 13.6% (or an amount equivalent to P299.2 billion) but was significantly lower than the original target of P3,332.4 billion.
