Tag: DBM Report
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Decline in Budget Deficit Praised by DBM Chief
Budget Secretary Amenah Pangandaman expressed satisfaction over the reduction in the national budget deficit. In her statement on Friday, she highlighted that the decrease surpassed initial expectations. “We are thrilled to report that our 2024 budget deficit has fallen to 5.7 percent of GDP, equivalent to P1.506 trillion. This achievement is beyond our projections,” stated…
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