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Gov’t slashed fiscal deficit by 40% in July

By Inquirer - 3 months ago
The Marcos administration’s budget deficit in July narrowed by nearly 40 percent as a double-digit growth in revenue collection outpaced the modest increase in state spending. The government incurred a fiscal deficit of P28.8 billion in July, down from the P47.8 billion shortfall last year, data released on Wednesday by the Bureau of the Treasury

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