2024 budget needs P4 billion daily in borrowings – Recto


MANILA, Philippines — Deputy Speaker Ralph Recto on Sunday said the proposed national budget of P5.767 trillion for 2024 would translate to an average daily spending of P15.8 billion, of which only P11.7 billion would be supported by revenues with the balance to be covered by borrowings. “To fully grasp the dimensions of the budget, […]

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