THE national government’s budget deficit climbed to P128.3 billion in November 2020 as public spending rebounded during the month, the Bureau of Treasury (BTr) said on Wednesday.

Data from the Treasury bureau showed that the shortfall was more than twice last year’s P60.9-billion budget gap, resulting in a cumulative budget deficit of P1.069 trillion, higher than the P409.1 billion recorded for the January-November 2019 period.