THE government incurred a budget deficit of P1.512 trillion last year, the Bureau of the Treasury reported on Thursday, exceeding the targeted P1.499 trillion even as revenue growth outpaced spending.
The result was also equivalent to 6.2 percent of gross domestic product (GDP), just over the programmed 6.1 percent. It was still lower than 7.3 percent recorded in 2022 when the shortfall was higher at P1.614 trillion.
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
.