Philippines posts $29 bln budget deficit for 2022, within target

Kitco Media
By Reuters
Published:
Updated:
Reuters
MANILA, March 1 (Reuters) - The Philippine government posted a budget deficit of 1.6 trillion pesos ($29 billion) for 2022, with the gap in December hitting 378.4 billion pesos , the Bureau of the Treasury said in a statement on Wednesday. The 2022 gap was 3.4% lower than the 2021 shortfall and within the 1.7 trillion pesos programme for the year, it said.


($1 = 55.17 Philippine pesos)
(Reporting by Enrico Dela Cruz and Karen Lema Editing by Ed Davies)

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