THE National Government’s (NG) budget deficit widened to P213 billion in November, as revenue collections dipped and spending accelerated, Treasury data showed.
Data from the Bureau of the Treasury (BTr) showed the budget deficit more than doubled to P213 billion in November from P93.3 billion in the same month last year.
Month on month, this was a reversal of the P6.3-billion surplus in October.
In November, revenue collections slipped by 0.61% to P338.3 billion from P340.4 billion a year ago, due to the 70.7% decline in nontax revenue collections.
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