3.4 billion USD budget deficit in March: Philippines' budget deficit narrowed to 195.9 billion pesos (3.4 billion USD) in March, declining from last year's 210.

3.4 billion USD budget deficit in March: Philippines' budget deficit narrowed to 195.9 billion pesos (3.4 billion USD) in March, declining from last year's 210.3 billion pesos (3.66 billion USD), according to the country's Bureau of the Treasury. The cumulative budget gap for the first quarter of 2024 reached 272.6 billion pesos (4.74 billion USD), marking a slight increase of 0.65% compared to the same period a year ago.