菲律宾10年期国债 (Philippine10Y) 加自选

2025年6月，菲律宾政府的预算赤字从去年同期的2091亿菲律宾比索扩大到2416亿菲律宾比索。政府收入同比增长3.5%，达到3069亿菲律宾比索，税收收入的持续增长（12.4%）抵消了非税收收入的下降（-43.3%）。与此同时，政府支出增长了8.5%，达到5485亿菲律宾比索，主要原因是地方政府部门的国家税收分配份额增加、对BARMM的年度整笔拨款、人事服务和利息支付。考虑到2025年第二季度，该国的预算赤字从去年同期的6139亿菲律宾比索扩大到7655亿菲律宾比索。

The Philippine government’s budget deficit widened to PHP 241.6 billion in June 2025 from PHP 209.1 billion in the corresponding month of the previous year. Government revenues increased by 3.5% year-on-year to PHP 306.9 billion, as sustained growth in tax revenues (12.4%) offset a drop in non-tax collections (-43.3%). Meanwhile, government expenditures advanced by 8.5% to PHP 548.5 billion, driven primarily by the higher National Tax Allotment shares of LGUs, the Annual Block Grant to the BARMM, personnel services, and interest payments. Considering the second quarter of 2025, the country’s budget deficit expanded to PHP 765.5 billion from PHP 613.9 billion in the same period a year ago.

美国总统唐纳德·特朗普宣布，在菲律宾总统小费迪南德·马科斯最近访问白宫引发贸易谈判后，将对来自菲律宾的商品征收19%的关税。新关税略低于7月9日最初宣布的20%的税率。作为协议的一部分，特朗普表示，美国出口产品在菲律宾不会面临进口税。白宫还透露了与印度尼西亚最终达成的贸易协议的新细节，根据该协议，19%的关税将适用于印度尼西亚商品。此外，将对通过第三国“转运”的任何货物征收40%的关税。官员们补充说，美国“99%”的进口商品将不征收关税。印尼的新关税低于此前提议的32%。

US President Donald Trump announced that a 19% tariff will be imposed on goods from the Philippines, following trade talks prompted by Filipino President Ferdinand Marcos Jr.’s recent visit to the White House. The new tariff is slightly lower than the 20% rate initially announced on July 9. As part of the deal, Trump stated that U.S. exports will face no import taxes in the Philippines. The White House also revealed new details of a finalized trade agreement with Indonesia, under which a 19% tariff will apply to Indonesian goods. Additionally, a 40% tariff will be imposed on any goods that are "transshipped" through third countries. Officials added that no tariffs would apply to “99%” of U.S. imports. The new tariff on Indonesia is lower than the previously proposed rate of 32%.

菲律宾总统小费迪南德·马科斯将于本周会见美国总统唐纳德·特朗普，旨在在即将到来的8月关税最后期限之前达成更有利的贸易协议。马科斯在离开马尼拉之前表示：“我们将看看我们能取得多大进展……以减轻非常严厉的关税计划的影响。”。尽管美国对菲律宾的贸易逆差为50亿美元，但美国最近将对菲律宾进口的拟议关税从4月份的17%提高到20%。马科斯于周日抵达华盛顿，还将会见国务卿马尔科·卢比奥、国防部长皮特·赫格斯和美国商界领袖。菲律宾官员表示，总统将强调经济合作，并认为更强大的菲律宾经济对其在印太地区的作用至关重要。国防和安全关系也将是会谈的一部分。

Philippine President Ferdinand Marcos Jr. is set to meet U.S. President Donald Trump this week, aiming to secure a more favorable trade deal before a looming August tariff deadline. “We will see how much progress we can make... to alleviate the effects of a very severe tariff schedule,” Marcos said before departing Manila. The U.S. recently raised its proposed tariffs on Philippine imports to 20%, up from 17% in April, despite a USD 5 billion trade deficit with the Philippines. Marcos, who arrived in Washington on Sunday, will also meet Secretary of State Marco Rubio, Defense Secretary Pete Hegseth, and U.S. business leaders. Philippine officials say the president will emphasize economic cooperation and argue that a stronger Philippine economy is vital for its role in the Indo-Pacific. Defense and security ties will also be part of the talks.

2025年5月，菲律宾银行的现金汇款同比增长2.9%，达到26.6亿美元，高于去年同期的25.8亿美元。这一增长主要是由于陆地工人（2.8%）和海上工人（3.1%）的汇款增加。1月至5月，现金汇款增长3.0%，达到137.7亿美元，主要得益于美国、新加坡和沙特阿拉伯的资金流入增加。按来源国划分，美国仍然是最大的汇款来源，占汇款总额的40.2%，其次是新加坡（7.4%）、沙特阿拉伯（6.4%）、日本（5.0%）和英国（4.6%）。与此同时，5月份个人汇款（包括银行转账、非正式渠道和实物转账）增至29.7亿美元，比去年同期28.8亿美元增长3%。1月至5月，累计个人汇款达到153.4亿美元，也比2024年同期的148.9亿美元增长了3%。

Cash remittances coursed through banks in the Philippines rose by 2.9% year-on-year to USD 2.66 billion in May 2025, up from USD 2.58 billion in the same month last year. The increase was mainly driven by higher remittances from both land-based workers (2.8%) and sea-based workers (3.1%). From January to May, cash remittances grew by 3.0% to USD 13.77 billion, primarily supported by increased inflows from the US, Singapore, and Saudi Arabia. By country of origin, the US remained the top source, accounting for 40.2% of total remittances, followed by Singapore (7.4%), Saudi Arabia (6.4%), Japan (5.0%), and the United Kingdom (4.6%). Meanwhile, personal remittances—which include bank transfers, informal channels, and in-kind transfers—rose to USD 2.97 billion in May, up 3% from USD 2.88 billion a year earlier. Cumulative personal remittances for January to May reached USD 15.34 billion, also marking a 3% increase from USD 14.89 billion in the same period in 2024.