Budget gap shrank to P40B in August

Sep 24, 2020 12:35 am

The government’s budget deficit narrowed to P40 billion in August on the muted increase in spending and decline in revenues, according to the Bureau of the Treasury (BTr).

Data from the Treasury bureau showed on Wednesday that the gap was lower than the P140.20-billion shortfall in July, but higher that the P2.5-billion deficit a year ago.

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