Budget deficit narrows to P75.3 billion in July

Aug 24, 2019 12:19 am

THE government posted in July a budget deficit that is narrower than the year-ago shortfall as revenue collections grew faster than state spending, the Bureau of the Treasury (BTr) announced on Friday.

In a statement, the Treasury said last month’s P75.3-billion deficit was higher than June’s P41.8-billion shortfall, but lower than P86.4-billion shortfall in July 2018 by 12.8 percent (P11.1 billion).

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