Budget deficit narrows to P49.3B

Nov 26, 2019 1:15 am

THE government’s budget gap narrowed in October as revenue grew faster than state spending, the Bureau of the Treasury (BTr) reported on Monday.

In a statement, the Treasury bureau said October’s P49.3-billion shortfall was lower than the deficit of P178.6 billion in September and P59.9 billion a year ago.

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