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Gov’t posts P19.5-B budget deficit

Treasury notes double-digit rise in expenditures

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Finance Secretary Cesar V. Purisima.

The national government incurred a budget deficit of P19.5 billion in January, jumping 23 percent year-on-year as a double-digit surge in expenditures outpaced that for revenues, according to documents from the Bureau of the Treasury.…

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  • muddygoose

    Deficit spending is normal, but I’d love to see us slowly cutting the debt down. With less money channeled to debt payments, I believe the next few generations will enjoy a better quality of life.

  • TheTuth

    A great news with a misleading headline. Maybe a former tabloid writer.

  • http://www.facebook.com/billy.reyes.984 Billy Reyes

    spend more on the rural areas, stop spending so much in National Capital Region.

  • http://www.facebook.com/profile.php?id=100003516764413 Jean Claude

    Good! now they are spending. for the last 2 years the government has been underspending.

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