Budget deficit balloons to nearly P274B in April

May 28, 2020 1:07 am

The government’s fiscal position last month remained in shortfall as state spending surged and revenues declined, the Bureau of the Treasury (BTr) reported on Wednesday.

April’s budget deficit of P273.9 billion was wider than the P59.5-billion gap in March, but a reversal of the P86.9-billion surplus a year ago.

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