MANILA— The Philippine government posted a budget deficit of 1.6 trillion pesos ($29 billion) for 2022, with the gap in December hitting 378.4 billion pesos PHBUD=ECI, the Bureau of the Treasury said in a statement on Wednesday.
The 2022 gap was 3.4% lower than the 2021 shortfall and within the 1.7 trillion pesos program for the year, it said.
($1 = 55.17 Philippine pesos)
—Reporting by Enrico Dela Cruz and Karen LemaEditing by Ed Davies