Philippines: Govt budget deficit set to double to P147B in July
Expenditure allowed to surge 50.4% on-yr to P332.36B – DoF The Philippine government’s budget programmed for July is expected to end at a deficit of P147.73 billion, swelling from June and more than doubling the year-earlier shortfall, with expenditures set to far exceed revenues, the Department of Finance (DoF) said in a report on Monday. […]
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