Philippines: Nine-month budget deficit exceeds P1 trillion
MANILA, Philippines — The Philippines incurred a budget shortfall of P180.91 billion in September, bringing the total budget gap from January to September to P1.139 trillion as the government’s pandemic-related expenses continue to surge, the Bureau of the Treasury (BTr) said yesterday. The nine-month deficit was nearly 30 percent higher than the P879.21 billion shortfall […]
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