Philippines’ budget deficit at P28.8 billion in July

August 28, 2024 - 12:35 PM
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1000 cash
This undated file photo shows one thousand peso bills. (The STAR/Walter Bollozos/File Photo)

 The Philippine government posted a P28.8 billion ($511.50 million) budget deficit PHBUD=ECI in July, the Bureau of the Treasury said on Wednesday.

It brought the year-to-date budget deficit to P642.8 billion, versus P599.5 billion for the same period a year ago.

($1 = 56.3050 Philippine pesos)

 —Reporting by Neil Jerome Morales; Editing by John Mair