July Budget Deficit at P50.51 Billion

The government incurred a fiscal deficit of P50.51 billion in July, almost unchanged from the P50.67 billion recorded in the same month last year. This brought the seven-month deficit to P205 billion, up 20 percent from the P171 billion posted in the same period in 2016. Economic managers have said that the administration would be embarking on a…

Subscribe via email for complete access to Supreme Consult’s weekly report on political and investment risks in the Philippines.