Philippines budget deficit at P123.9 billion in November

December 21, 2022 - 4:00 PM
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Finance Secretary Benjamin Diokno

The Philippine government posted a 123.9 billion pesos ($2.25 billion) budget deficit in November, its finance secretary said on Wednesday.

That brought the government’s year-to-date budget deficit to 1.23 trillion pesos, narrower than the 1.33 trillion pesos a year ago, Finance Secretary Benjamin Diokno said in a phone message.

($1 = 55.1500 Philippine pesos)

—Reporting by Karen Lema; Editing by Kanupriya Kapoor