Gov’t budget deficit narrowed by 59.2% in August

The country’s budget deficit narrowed by 59.24 percent to P54.2 billion in August from P133 billion in the same month last year amid a modest decline in state spending, the Bureau of the Treasury (BTr) reported on Wednesday. Data showed that total revenues in August increased by 24.40 percent to P386.3 billion, while state expenditures
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