Tag: widens
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NG budget gap widens in May
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THE NATIONAL Government’s (NG) budget deficit widened in May as spending growth outpaced revenues, the Bureau of the Treasury (BTr) said. The NG’s budget gap ballooned by 43.1% to P174.9 billion in May from P122.2 billion in the same month a year ago. Month on month, this was a reversal…
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Philippines’ BoP deficit widens
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THE COUNTRY’S balance of payments (BoP) deficit widened in April as the government paid back foreign debt and the trade balance remained in a deficit, the Bangko Sentral ng Pilipinas (BSP) said. Data from the central bank showed the BoP position widened to a $639-million deficit in April from the…