6-month budget deficit swells to P560B
The national government’s budget deficit swelled by 1,214 percent to P560.4 billion during the first six months of 2020 as COVID-19-related expenditures jacked up public spending. This was despite the…
April budget gap swells to P274B
Spending on public goods and services more than doubled in April as the government tried to ease the pain inflicted on vulnerable sectors by the COVID-19 pandemic, but revenues suffered…