By Justine Irish D. Tabile, Senior Reporter
THE National Government’s fiscal gap widened in March as spending growth outpaced revenue gains, even as the first quarter still ended with a narrower deficit due to stronger cumulative collections.
In a statement on Thursday, the Bureau of the Treasury said the budget deficit in March rose 2% to P349.7 billion from a year earlier, driven by faster growth in government expenditures relative to revenues.
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