MANILA  -The Philippine government's budget deficit is set to continue narrowing in 2023 and 2024 amid improving revenue turnouts, according to BMI Country Risk and Industry Research. The Fitch group subsidiary forecasts the deficit to settle at 5.9 percent of gross domestic product this year and further to 5.1 percent in 2024. The metric has receded from 8.6 percent of GDP in 2021 to 7.3 percent in 2022. 'Our projections for 2023 are slightly narrower than the government's projection of 6.

https://business.inquirer.net/425523/ph-budget-deficit-seen-further-narrowing-in-2023-2024

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