Deficit posted despite ‘forced underspending’

Mar 30, 2019 12:37 am

The government’s budget balance reverted to a deficit in February despite continued delays in the passage of this year’s outlay.

The month’s P76.4-billion gap was a reversal of the P44.5-billion surplus posted in January, Treasury bureau data released on Friday showed. It was also wider than the P51.7-billion deficit recorded a year earlier.

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