Fiscal shortfall shrinks in Feb

By Mayvelin U. Caraballo

Apr 01, 2022 12:46 am

THE government's budget deficit shrank to P105.8 billion in February, marginally reducing the year-to-date gap.

The shortfall was lower by 8.77 percent, or P10.2 billion, from P116 billion a year earlier due to a '5.16 percent contraction in public spending alongside a 3.26-percent drop in revenue collection,' the Bureau of the Treasury said in a statement.

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