Thursday 16 August 2018
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rappler
3 months ago

Gov t underspending leads to narrower budget deficit as of April

MANILA, Philippines – The Philippines narrowed its budget deficit in the 1st 4 months of the year to P115.9 billion, after it posted a budget surplus in April alone, signaling that the government has been s pending less than what has been budgeted. A budget deficit happens when expenses exceed revenues, while ...

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