Gov’t posted P42.7-b budget surplus in April

The government posted a P42.7 billion budget surplus in April, lower than the P66.8-billion recorded in the same period last year, the Bureau of the Treasury said Thursday.

The Treasury said, however, the four-month budget deficit widened by 12.66 percent or P25.8 billion to P229.9 billion from a year ago. The Bureau of the Treasury income surged to P64.0 billion in April, more than tripling the amount registered in April 2023. This growth was driven by increased dividend remittances from government-owned and controlled corporations in compliance with a directive to raise annual net earnings remittances to 75 percent from 50 percent.

Philippines Latest News, Philippines Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Govt posts P42.7-B April budget surplusTHE government's budget balance swung into a surplus in April, the Bureau of the Treasury reported on Thursday.
Source: TheManilaTimes - 🏆 2. / 92 Read more »

Prices for new iPad models start at P42,990 in the PhilippinesPrices for the new iPad Pro ranges from P72,990 to P185,990, while the iPad Air costs from P42,990 to P99,990
Source: rapplerdotcom - 🏆 4. / 86 Read more »

Senate vetting witnesses vs. Mayor GuoDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

China arrest order in SCS unacceptable — PBBMDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Govt to run after price fixers — GiboDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »

Marcos orders wiretap probeDefining the News
Source: MlaStandard - 🏆 20. / 55 Read more »