By Justine Irish D. Tabile, Senior Reporter
THE NATIONAL GOVERNMENT’S (NG) budget deficit widened by 9.39% in June as spending outpaced revenue growth, although the first-half fiscal gap remained broadly in line with the government’s program, Bureau of the Treasury (BTr) data showed.
In a statement on Thursday, the Treasury said the budget gap ballooned to P264.3 billion from P241.6 billion in the same month last year.
“The 9.39% (or P22.7-billion) increase in the fiscal gap was underpinned by a 5.51% year-over-year growth in expenditures outpacing the 2.46% increase in revenue collection,” the BTr said.
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