NG books budget surplus for the first time in almost 2 years with P4.9B in April
The national government’s fiscal balance reverted to a P4.9 billion budget surplus in April, the first time in almost two years, on the back of the due to faster 19.2 percent revenue collection growth against the marginal two percent increase in public expenditures.
Q1 budget shortfall narrows to P316.8B
The budget deficit incurred by the national government narrowed by 1.4 percent to P316.8 billion in the first quarter of the year from P321.5 billion in the same quarter last year on the back of the double-digit growth in revenue collections.