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Article: Philippine fiscal deficit hits 22 bln pesos in August
- Article from:
- Xinhua News Agency
- Article date:
- September 18, 2009
CopyrightCopyright 2009 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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Philippine fiscal deficit hits 22 bln pesos in August
MANILA, Sept. 18 (Xinhua) -- The fiscal deficit of the Philippine
national government in August hit 22 billion pesos ( about 460
million U.S. dollars), as falling revenues can't keep up with the
rising expenditure, the official data released Friday show.
The total fiscal deficit in the first eight months of the year
reached 210 billion pesos (about 4.4 billion U.S. dollars),
significantly higher than the 31.7 billion pesos (about 664.5
million U.S. ...