The Philippine national government’s budget deficit narrowed by 3.4 percent or P56 billion to P1.61 trillion in 2022 from P1.67 trillion in 2021, according to the Bureau of the Treasury. The deficit declined as an 18-percent surge in revenues (which reached P3.54 trillion) outpaced a 10-percent jump in expenses (P5.16 trillion). Full-year revenue exceeded the … Continue reading PH 2022 budget deficit shrinks on strong revenue growth