Higher spending push PHL July deficit wider to P39B
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Higher spending push PHL July deficit wider to P39B

Manila : Philippines | Aug 23, 2012 at 4:15 AM PDT
Source: GMA News
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33pm Accelerated spending and higher revenues opened wider the Aquino administration's budget deficit to P39.249 billion last month, compared to P26.482 billion a year earlier.   This means we have enough fiscal space to pump-prime the economy if we need to. FULL ARTICLE AT GMA News
 
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  • Deficit more than doubles

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    July as it posted its highest monthly spending performance so far this year.   The shortfall hit P39.249 billion last month, more than the P34.482 billion incurred in January to June and raising the tally for the year so far to P73.731 billion. With...

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