Govt posts budget surplus in April
Credit to Author: MAYVELIN U. CARABALLO, TMT| Date: Fri, 24 May 2019 04:24:55 +0000
THE government incurred a budget surplus in April as state spending contracted amid a marginal growth in revenues, the Bureau of the Treasury said on Friday, attributing the latest data to the delayed 2019 outlay.
The month’s P86.9-billion surplus was a reversal of the P58.409-billion deficit posted in March and was also higher than the P46.315-billion surplus recorded a year earlier.
Government revenues rose by 0.4 percent to P308.7 billion, from P307.6 billion last year, while expenditures plunged by 15.1 percent to P221.8 billion from P261.2 billion.
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