Philippines’ budget deficit at P54.2 billion pesos in August

September 25, 2024 - 3:41 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 P54.2 billion ($968.72 million) budget deficit PHBUD=ECI in August, the Bureau of the Treasury said on Wednesday.

It brought the year-to-date budget deficit to 697 billion pesos, narrower than the 732.5 billion pesos gap in the same period last year.

($1 = 55.9500 Philippine pesos)

 —Reporting by Karen Lema; Editing by Martin Petty