Tag: #budget deficit
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Gov’t budget deficit hits P1-trillion in November
The Duterte administration’s budget deficit breached the P1 trillion mark in November due to higher spending and lower revenues amid the coronavirus-induced economic recession, data from the Bureau of the Treasury revealed.
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Gov’t budget deficit nears P1 trillion
The Duterte administration’s budget deficit is nearing the P1 trillion mark in January to October this year as the government continued to struggle in raising revenues due to the coronavirus-induced crisis.
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