Philippines’ budget deficit at P93.3 billion in November

December 28, 2023 - 3:41 PM
1000 cash
This undated file photo shows one thousand peso bills. (The STAR/Walter Bollozos/File Photo)

The Philippine government posted a P93.3 billion ($1.68 billion) budget deficit PHBUD=ECI in November, the Bureau of the Treasury said on Thursday.

The deficit was wider than the previous month’s P34.4 billion gap and brought the year-to-date budget deficit to P1.111 trillion.

($1 = 55.5600 Philippine pesos)

Reporting by Mikhail Flores; editing by Francesco Guarascio