INCREASED spending allowed the government to post a budget deficit in May but the year-to-date target was missed on account of better-than-programmed revenues, the Bureau of the Treasury reported on Monday.
The P32.9-billion shortfall — lower compared to the P33.4 billion recorded a year earlier — was a reversal from the P46.3-billion surplus in April.
Already have an active account? Log in here.
Continue reading with one of these options:
Continue reading with one of these options:
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
If you have an active account, log in
here
.