MANILA, Philippines — The Marcos administration’s budget deficit widened by 9.4 percent to P264.3 billion in June as government spending outpaced revenue collections, according to the Bureau of the Treasury (BTr). Latest data showed expenditures rose 5.5 percent to P578.7 billion, driven by higher National Tax Allotment shares for local government units, increased subsidies to state-run firms, and payments to suppliers and contractors for transportation infrastructure projects. READ: Gov’t logs wider P198.5B budget deficit in May This outpaced the 2.46-percent increase in revenues, which reached P314.5 billion in June. Of the total, tax collections contributed P299.3 billion, while non-tax revenues amounted […]...Keep on reading: Gov't budget deficit widens to P264.3B in June