Philippines budget deficit at US$2.25 billion in November


People spend time at a park during Christmas eve, in Manila, Philippines, December 24, 2022. - Reuters

MANILA, Dec 26 (Reuters): The Philippine government posted a 123.9 billion pesos (US$2.25 billion) budget deficit in November, its finance secretary has announced.

That brought the government's year-to-date budget deficit to 1.23 trillion pesos, narrower than the 1.33 trillion pesos a year ago, Finance Secretary Benjamin Diokno said in a phone message.

Meanwhile, The Philippines reported 636 new Covid-19 infections on Monday (Dec 12) , bringing the total number of confirmed cases in the Southeast Asian country to 4,062,191.

The Department of Health (DOH) said the number of active cases dropped to 15,472, while 26 more patients died from Covid-19 complications, taking the death toll to 65,262.

Metro Manila, the capital region with over 13 million people, tallied 264 new cases.

The Philippines reported its highest Covid-19 single-day tally of 39,004 new cases on Jan. 15.

The country, with a population of around 110 million, has fully vaccinated over 73.8 million people.

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