Philippines posts April budget surplus of US$1.2 billion


MANILA (Philippine Daily Inquirer/Asia News Network): The Philippine government posted a budget surplus of 66.8 billion Philippine pesos (US$1.21 billion) in April, versus a surplus of 4.9 billion pesos in the same month last year, the Bureau of the Treasury said in a statement on Monday (May 29).

The bureau said the latest monthly readout helped narrow the January-April deficit by 35 per cent to P204.1 billon from P311.9 billion.

April expenses grew by 9 per cent to P373.9 billion while four-month disbursements grew slightly by 1.2 per cent to P1.5 trillion.

Meanwhile, revenues for the month surged by 27 per cent to P440.7 billion while four-month receipts jumped by 11 per cent to P1.3 trillion.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Philippines , budget , April , surplus

   

Next In Aseanplus News

16-year-old boy charged following alleged assault and robbery in Australia's Brisbane
Asean News Headlines at 10pm on Saturday (Nov 9, 2024)
North Korea jams GPS signals, affecting ships and aircraft in South
C'wealth Games 2026: Organiser rejected Malaysia's bid to host badminton, says Olympic Council
China leader Xi Jinping hails 'new chapter' in relations with Indonesia as both countries sign multiple cooperation deals
Thailand plans to raise daily minimum wage in new year, says minister
Typhoon Marce wreaks havoc in the Philippines and affects over 7,200 families
In Taiwan, an Andy Lau classic sparks cross-strait controversy
Asterix published in rare Nordic dialect translation
Priest stabbed during mass in St Joseph’s Church in Singapore's Bukit Timah, suspect arrested

Others Also Read