Fiscal deficit recorded at PHP 127.3bn in January-November.

By bne IntelliNews January 4, 2013
Philippines governments fiscal deficit was recorded at PHP 127.3bn during the first eleven months of last year. As reported by The Manila Times, the Bureau of Treasury (BTr) stated that the national government deficit decreased 47.4% y/y registering PHP 11.564bn in November alone. The actual collections were posted at PHP 110.767bn for the Bureau of Internal Revenue (BIR) and PHP 23.749bn for Bureau of Customs (BOC) in November.

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