Tuesday 13 April 2021
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businessmirror - 2 month ago

National government’s 2020 budget gap hits record-high P1.37 trillion

FOR the first time since 1986, the national government’s budget deficit breached past the trillion peso mark in 2020 as the Philippine economy was battered by Covid-19-induced lockdowns. Latest Bureau of the Treasury (BTr) data showed the country’s budget deficit soaring to a new record high of P1.37 trillion, more than double the previous-high shortfall [ ]


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