THE NATIONAL Government’s (NG) budget deficit widened to P273.3 billion in September, as revenues and expenditures posted double-digit growth, the Bureau of the Treasury (BTr) said on Thursday.
Latest data from the Treasury showed the fiscal gap rose by 8.9% in September from P250.9-billion deficit in the same month a year ago, “as the increase of nominal value of expenditures outpaced the increase in revenues.”
Month on month, the budget gap ballooned by 404% from the P54.21-billion deficit in August.
Revenue collections jumped by 17.32% to P299.7 billion in September from P255.4 billion last year.
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