Budget Deficit at P23.7 Billion in February 2017

The government posted a P23.7-billion budget deficit in February, reversing January’s P2.222-billion surplus though it was still 31.5% less than the P34.6-billion shortfall in February last year. State agencies collected P151.8 billion in revenues, up nine percent from P139 billion last year, with tax collections rising 12% to P138.8 billion from P123.9 billion. Spending, however, edged up just one percent to P175.6 billion from P173.6…

Subscribe via email for complete access to Supreme Consult’s weekly report on political and investment risks in the Philippines.

Advertisements