Philippines: March budget gap widens Q1 shortfall
THE government’s budget deficit rose to P210.3 billion in March following a double-digit revenue drop, Treasury bureau data showed on Tuesday. Spending also fell, by 2.62 percent, but earnings plunged by nearly 12 percent, leading to a shortfall 12.04 percent higher compared to year-earlier P187.7 billion. Year to date, the budget gap rose to P270.9 […]
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