The national government (NG) yielded higher-than-expected revenues for full-year 2021 amounting to P3,005.5 billion. This is 4.3% or P124.0 billion higher than target or program of P2,881.5 billion for 2021 (BESF, 2022). Actual tax revenue sources stood at P2,742.7 billion, surpassing its program level by 1.0% or P27.9 billion. Meanwhile, sources derived from non-tax revenues reached P262.8 billion, an improvement of 57.6% or P96.1 billion from its program level of P166.7 billion. The difference may be attributed to higher-than-target collection by Bureau of the Treasury (BTr).
