Philippines’ budget deficit at $3.41 billion in March

MANILA — The Philippine government posted a 195.9 billion pesos ($3.41 billion) budget deficit PHBUD=ECI in March, the Bureau of the Treasury said on Wednesday.

It brought year-to-date budget deficit to 272.6 billion pesos, versus the 270.9 billion pesos deficit a year ago.

($1 = 57.4200 Philippine pesos)

— Reporting by Neil Jerome Morales and Mikhail Flores; Editing by Martin Petty