Philippines posts August budget deficit of P133 billion

This undated file photo shows one thousand peso bills. (The STAR/Walter Bollozos/File Photo)

 The Philippine government posted a budget deficit PHBUD=ECI of P133 billion ($2.34 billion) for August, 85% higher than the deficit the same time last year, Finance Secretary Benjamin Diokno said.

That brought the cumulative budget deficit for January-August period to 732.5 billion pesos, 12% lower than the same period last year, preliminary data showed.

($1 = 56.8120 Philippine pesos)

—Reporting by Enrico Dela Cruz; editing by Barbara Lewis

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