The proposed national budget for 2024 is P5.767 trillion, which is roughly P500 billion more than this year's P5.268-trillion budget. According to Deputy Speaker Ralph Recto, next year's budget would translate to an average of P15.8-billion daily spending to finance the national government's operations. Of that amount, only P11.7 billion would be sourced from projected revenue collections and the rest would have to be covered by loans. Based on past experience, those borrowings could be by way of treasury bills, bonds and other forms of government indebtedness.

https://business.inquirer.net/415980/deficit-spending

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