THE NATIONAL Government’s (NG) budget deficit narrowed by 7.24% year on year in June, as revenue collection grew at a faster clip than spending, the Bureau of the Treasury (BTr) said on Wednesday.
Treasury data showed the budget gap shrank to P209.1 billion in June from P225.4 billion a year ago.
Month on month, the budget deficit widened by 19.54% from P174.9 billion in May.
In June alone, revenue collections jumped by 10.93% to P296.5 billion from P267.3 billion in the same month last year.
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