Economic Indicators
Philippines posts budget deficit of $4.42 billion in September
2023.10.24 22:46
© Reuters. FILE PHOTO: Vendors wearing face masks for protection against the coronavirus disease (COVID-19) stand by their fruit stalls at a public market in Quezon City, Metro Manila, Philippines, February 5, 2021. REUTERS/Eloisa Lopez/File photo
MANILA (Reuters) – The Philippine government posted a budget deficit of 250.9 billion pesos ($4.42 billion) for September, 39% higher than the deficit in the same period last year, the Bureau of the Treasury said on Wednesday.
That brought the cumulative budget deficit for the January-September period to 983.5 billion, down by 2.9% compared with the same period last year, preliminary data showed.
($1 = 56.8250 Philippine pesos)
