25-10-2023 (MANILA) The Philippine government announced a budget deficit of 250.9 billion pesos ($4.42 billion) for the month of September, marking a 39% increase compared to the deficit recorded during the same period last year, according to the Bureau of the Treasury.
Preliminary data revealed that the cumulative budget deficit for the January-September period amounted to 983.5 billion pesos, representing a 2.9% decrease compared to the corresponding period in the previous year.
