The Philippines’ budget balance saw a marked improvement in July 2024, according to the latest data updated on August 28, 2024. The budget deficit narrowed substantially from June 2024’s figure of -209.1 billion PHP to a significantly reduced -28.8 billion PHP.This sharp decrease in the deficit represents a major turnaround for the Southeast Asian nation, potentially alleviating some of the fiscal strains it has been facing. Analysts are now closely watching how this improvement will impact future economic policies and financial markets, as the government appears to be successfully reining in its budget shortfall.”/bodyThe material has been provided by InstaForex Company – www.instaforex.com
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