FX.co ★ Philippines Budget Balance Grows to -195.9B in March 2024

In March 2024, the budget balance in the Philippines expanded to -195.9 billion pesos, compared to -164.7 billion pesos in February 2024. This marks a significant decrease in the country's budget surplus. The data, which was updated on 24th April 2024, indicates a widening deficit between government spending and revenue. The growing budget deficit may have implications for the Philippines' fiscal health and could impact future economic policies. As the country continues to navigate economic challenges, monitoring the budget balance will be crucial for maintaining financial stability and sustaining growth.