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2023 deficit ceiling breached

By Inquirer - 9 months ago
MANILA, Philippines  — The government’s budget deficit hit P1.512 trillion in 2023, 6.32 percent smaller than the shortfall recorded in 2022 but overshot the target of P1.499 trillion, according to data released on Thursday by the Bureau of the Treasury. This meant that last year’s fiscal gap, as a share of the country’s gross domestic

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