November shortfall boosts deficit to P477B

Dec 28, 2018 12:25 am

The government has moved closer to hitting its 2018 deficit target, with November’s P39.1-billion shortfall boosting the year-to-date tally to P477.2 billion — 91 percent of the P523.7-billion goal.

Treasury data released on Thursday showed that government spending continued to outpace revenues, although growth slowed last month compared to October

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