Philippine budget deficit reached P209.1 billion in June, increasing from May's P174.9 billion but remaining lower than the previous year's P225.4 billion.
The Philippine government's budget deficit hit P209.1 billion in June, widening from May's P174.9 billion but still lower than the year-earlier P225.4 billion. The year-to-date deficit rose to P613.9 billion. Revenues rose 10.93% to P296.5 billion in June compared to the same month in 2020. In the first half of 2021, the deficit stood at P613.9 billion, 7.24% below the program set for the period due to better-than-expected revenue performance.
July 24, 2024
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