The national government’s budget deficit in 2016 widened from a year earlier but remained short of the government’s programmed deficit-to-gross domestic product (GDP) ratio, the Bureau of Treasury (BTr) reported Thursday.

Data released by the BTr showed the government registered a P353.4 billion fiscal deficit last year, up 190 percent or P231.7 billion from P121.7 billion in 2015.

Premium + Digital Edition

Ad-free access


P 80 per month
(billed annually at P 960)
  • Unlimited ad-free access to website articles
  • Limited offer: Subscribe today and get digital edition access for free (accessible with up to 3 devices)

TRY FREE FOR 14 DAYS
See details
See details