Read this in The Manila Times digital edition.
THE national government's budget deficit ballooned in August as spending picked up and revenues contracted, Finance Secretary Benjamin Diokno said on Friday.
He told reporters that the P133.0-billion shortfall, markedly higher than July's P47.8 billion and the year-earlier P72.0 billion, was the result of a "6.58-percent drop in revenue collection coupled with 9.66-percent expenditure growth."
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
Premium + Digital Edition
Ad-free access
P 80 per month
(billed annually at P 960)
- Unlimited ad-free access to website articles
- Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)
TRY FREE FOR 14 DAYS
See details
See details
If you have an active account, log in
here
.