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    Philippines budget deficit hits record US$26.5 billion as corruption probe bites

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    Source: South China Morning Post
    Published: 2026-03-10 15:00 UTC+10:00
    Section: Ricafort
    Factuality Score: 100
    Opinion Category: Neutral
    Topics: Natural Disasters, Tax & Budget, Environment & Climate, Crime & Justice, Asia Pacific
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    Snippet:
    A widening deficit and falling revenue are ‘direct, quantifiable effects’ of an investigation into the flood-control scandal, economists say
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