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The government incurred a narrower budget deficit in August from a month earlier as both revenue and spending growth slowed, Treasury data released on Monday showed. The month’s P2.6-billion shortfall was much lower than the P86.4-billion gap posted in JulBudget shortfall narrows to P2.6B
The government incurred a narrower budget deficit in August from a month earlier as both revenue and spending growth slowed, Treasury data released on Monday showed. The month’s P2.6-billion shortfall was much lower than the P86.4-billion gap posted in July but also marked a reversal from the P28.8-billion surplus recorded a year earlier. Government revenues rose [...] The post Budget shortfall narrows to P2.6B appeared first on The Manila Times Online. Read more