Philippines’ budget deficit at $622 million in October

November 29, 2023 - 2:45 PM
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A worker counts dollars at a money changer (Reuters)

 The Philippine government posted a 34.4 billion pesos ($621.95 million) budget deficit  in October, the Bureau of the Treasury said on Wednesday.

The deficit was narrower than the previous month’s 250.9 billion pesos gap and brought the year-to-date budget deficit to 1.018 trillion pesos.

– Reporting by Mikhail Flores and Karen Lema; Editing by Martin Petty