The monthly average peso-dollar exchange rate slightly went up to 43.4918 in November from 43.4449 in October.
The domestic economy posted a GDP growth of 6.5 percent in the third quarter of 2010. The Net Factor Income from Abroad at 13.7 percent pushed the Gross National Product to grow by 7.5 percent from 4.1 percent in 2009
The National Government posted a deficit of P10.5 billion in October 2010 significantly lower than the programmed P19.1 billion for the month as revenue collections increased by 15.1 percent year-on-year. Both cash and non-cash revenue collections for the month increased by 7.0 percent and 2,421.3 percent, respectively. Last month’s deficit is 63.2 percent lower than the P28.5 billion deficit posted in the same period last year. – (DOF)
The domestic economy posted a GDP growth of 6.5 percent in the third quarter of 2010. The Net Factor Income from Abroad at 13.7 percent pushed the Gross National Product to grow by 7.5 percent from 4.1 percent in 2009
The National Government posted a deficit of P10.5 billion in October 2010 significantly lower than the programmed P19.1 billion for the month as revenue collections increased by 15.1 percent year-on-year. Both cash and non-cash revenue collections for the month increased by 7.0 percent and 2,421.3 percent, respectively. Last month’s deficit is 63.2 percent lower than the P28.5 billion deficit posted in the same period last year. – (DOF)
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