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Philippines posts budget deficit of $4.42 billion in September

Published 10/24/2023, 10:33 PM
Updated 10/24/2023, 10:36 PM
© Reuters. FILE PHOTO: Vendors wearing face masks for protection against the coronavirus disease (COVID-19) stand by their fruit stalls at a public market in Quezon City, Metro Manila, Philippines, February 5, 2021. REUTERS/Eloisa Lopez/File photo

MANILA (Reuters) - The Philippine government posted a budget deficit of 250.9 billion pesos ($4.42 billion) for September, 39% higher than the deficit in the same period last year, the Bureau of the Treasury said on Wednesday.

© Reuters. FILE PHOTO: Vendors wearing face masks for protection against the coronavirus disease (COVID-19) stand by their fruit stalls at a public market in Quezon City, Metro Manila, Philippines, February 5, 2021. REUTERS/Eloisa Lopez/File photo

That brought the cumulative budget deficit for the January-September period to 983.5 billion, down by 2.9% compared with the same period last year, preliminary data showed.

($1 = 56.8250 Philippine pesos)

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