THE NATIONAL GOVERNMENT’S (NG) budget deficit narrowed year on year in 2024, but overshot the target by 1.48%, the Bureau of the Treasury (BTr) said.
Data from the Treasury released on Thursday showed that the budget deficit shrank by 0.38% or P5.7 billion to P1.506 trillion in 2024 from P1.512 trillion in 2023.
However, it exceeded the P1.48-trillion deficit ceiling set by the Development Budget Coordination Committee.
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