BusinessWorld E-paper
October 24, 2025
THE Philippines’ budget deficit narrowed in September, the Bureau of the Treasury (BTr) said on Thursday, as corruption probes into flood control projects slowed government spending.
The fiscal gap shrank 9.22% year on year to P248.1 billion, while month on month, it nearly tripled from August’s P84.8-billion shortfall. Total government spending dropped 7.53% to P529.8 billion from a year earlier, reflecting a slowdown in project implementation.
