April Budget Surplus at P52.8 Billion

The government posted a budget surplus of P52.8 billion in April due to larger collections by the Bureau of Internal Revenue that happens regularly in April. However, the surplus was four percent lower than the P55 billion recorded in the same period last year. From January to April, the deficit narrowed by 47 percent to P30.2 billion from the P57.5 billion registered in the same period in 2016…

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