MANILA, Philippines – The national government incurred a budget deficit of P103.1 billion in the first two months, up 34.35 percent, as spending for infrastructure, health care and social development accelerated in February. For February alone, the government swung back to a deficit amounting to P171.4 billion from the P68.3- billion surplus in January. Both MANILA, Philippines – The national government incurred a budget deficit of P103.1 billion in the first two months, up 34.35 percent, as spending for infrastructure, health care and social development accelerated in February. For February alone, the government swung back to a deficit amounting to P171.4 billion from the P68.3- billion surplus in January. Both Read full article MORE NEWS.