I have heard the news that the budget deficit rose to PHP230B and they are seeing to reach PHP270B for the entire fiscal year.
Government Collections as of July results:
BIR Collection -- PHP453B
Customs Collection -- PHP142B
Total spending for the first month rose 8% to PHP705B from PHP654B last year.
Currency Exchange :
US DOLLAR : PHP48.69
UK POUND : PHP79.10
JPN YEN : PHP0.52
I hope the Philippine economy can recover from all the expenditures.
Philippine Economy
Posted by Crazyhorse | 10:18 PM | BIR collection, customs collection, july economic assessment philippines, philippine exchange rate, Phlippine economy budget deficit | 0 comments »
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