The government needs to implement a program that will allow it to meet programmed spending and hit its growth target for the year.
Data released by the Bureau of the Treasury showed that government revenues reached PHP290.3 billion last June, 18.20 percent higher than the PHP245.6 billion same period last year. Expenditures amounted to PHP2.401 trillion, lower by 3.04 percent compared to the PHP2.477 trillion programmed for the period.
Source: News Formal (newsformal.com)
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