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Philippines posts budget deficit of $4.42 billion in September

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MANILA : The Philippine government posted a budget deficit of 250.9 billion pesos ($4.42 billion) for September, 39 per cent higher than the deficit in the same period last year, the Bureau of the Treasury said on Wednesday.

That brought the cumulative budget deficit for the January-September period to 983.5 billion, down by 2.9 per cent compared with the same period last year, preliminary data showed.

($1 = 56.8250 Philippine pesos)

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