# Gold-Guided Programmatic Distillation for Financial Reasoning over Hybrid Tables and Text

arXiv: https://arxiv.org/abs/2607.14709 · HTML: https://mlsanity.com/paper/2607.14709/

## Key facts

- No citing papers in the map yet (data through 14 Oct 2026).
- Placed in Reasoning for agents, planning and code, one of 17 directions in LLM reasoning.
- Builds on 13 of its 16 references that are in the map.
- First posted on arXiv 16 Jul 2026.

## Placed in

- LLM reasoning / [Reasoning for agents, planning and code](https://mlsanity.com/lr/reasoning-for-agents-planning-and-code/)

## Builds on (most cited first, 13 of 13)

- [Chain-of-Thought Prompting Elicits Reasoning in Large Language Models](https://mlsanity.com/paper/2201.11903/) (2022)
- [SQuAD: 100,000+ Questions for Machine Comprehension of Text](https://mlsanity.com/paper/1606.05250/) (2016)
- [Qwen Technical Report](https://mlsanity.com/paper/2309.16609/) (2023)
- [Program of Thoughts Prompting: Disentangling Computation from Reasoning for Numerical Reasoning Tasks](https://mlsanity.com/paper/2211.12588/) (2022)
- [STaR: Bootstrapping Reasoning With Reasoning](https://mlsanity.com/paper/2203.14465/) (2022)
- [DSPy: Compiling Declarative Language Model Calls into Self-Improving Pipelines](https://mlsanity.com/paper/2310.03714/) (2023)
- [Distilling Step-by-Step! Outperforming Larger Language Models with Less Training Data and Smaller Model Sizes](https://mlsanity.com/paper/2305.02301/) (2023)
- [PAL: Program-aided Language Models](https://mlsanity.com/paper/2211.10435/) (2022)
- [Scaling Relationship on Learning Mathematical Reasoning with Large Language Models](https://mlsanity.com/paper/2308.01825/) (2023)
- [TAT-QA: A Question Answering Benchmark on a Hybrid of Tabular and Textual Content in Finance](https://mlsanity.com/paper/2105.07624/) (2021)
- [Teaching Small Language Models to Reason](https://mlsanity.com/paper/2212.08410/) (2022)
- [PaD: Program-aided Distillation Can Teach Small Models Reasoning Better than Chain-of-thought Fine-tuning](https://mlsanity.com/paper/2305.13888/) (2023)
- [Not All Correct Answers Are Equal: Why Your Distillation Source Matters](https://mlsanity.com/paper/2505.14464/) (2025)

## Abstract (arXiv)

Financial question answering over hybrid tabular and textual data may require multi-source reasoning and precise numerical computation. While large language models (LLMs) can generate intermediate reasoning steps, natural-language rationales remain prone to arithmetic errors, making them an unreliable supervision source for distillation. Building on programmatic distillation, we develop an approach that transfers reliable numerical reasoning from a large teacher model to a compact student using execution-verified Python programs instead of free-form textual rationales. It leverages gold derivations to guide teacher-side program synthesis and retains only programs that execute correctly and produce the gold answer, ensuring high-quality supervision. We further introduce an iterative recovery stage that revisits teacher-failed examples, enabling the student to recover and incorporate newly verified programs into training. Experiments on TAT-QA show that our framework is highly effective for hybrid financial reasoning. Our best 7B student achieves 87.00 EM / 87.18 F1 on the test set, substantially outperforming the 72B teacher (78.46 EM) as well as traditional and strong LLM-based baselines, including TAGOP and TAT-LLM. These results demonstrate that execution-verified programmatic distillation provides an effective and extensible framework for training smaller models to perform reliable numerical reasoning.