Philippines posts P210.3 billion budget deficit in March

May 2, 2023 - 2:36 PM
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1000 cash
This undated file photo shows one thousand peso bills. (The STAR/Walter Bollozos/File Photo)

 The Philippine government posted a budget deficit PHBUD=ECI of P210.3 billion ($3.8 billion) in March, versus a deficit of 187.7 billion pesos in the same period last year, the Bureau of the Treasury said in a statement on Tuesday.

($1 = 55.29 Philippine pesos)

—Reporting by Neil Jerome Morales