Tag: budget surplus

National gov’t posts P29.9 billion budget surplus in August

MANILA, Sept. 26 (PIA/DOF) —   The national government has posted a budget surplus of P29.9 billion in August  Finance Secretary Cesar Purisima reported. In a statement, Purisima said this is  “wider than the year-ago surplus, once again resulting from fast-paced expansion of revenue collections for the month. This brought the year-to-date budget balance to a deficit of P25.9 billion, well-within the program and narrower than comparable figures a year ago.” DOF said the primary […]