"The wider budget gap stemmed from the 22.14 percent year-over-year increase in expenditures, matched with moderate revenue growth of 5.73 percent," the bureau said.
With the February turnout, the bureau said the year-to-date fiscal balance reverted to a deficit of 76.7 billion pesos (1.4 billion dollars), which is 26.56 percent higher than last year's January-to-February budget gap.
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