BTr: Govt posts P87-B budget surplus in Aprilhome/Business/Top Business/BTr: Govt posts P87-B budget surplus in AprilTHE government incurred a budget surplus of P86.9 billion in April as state spending contracted amid a marginal growth in revenues, the Bureau of the Treasury (BTr) said on Friday, attributing the latest data to the delayed 2019 outlay. President Rodrigo Duterte signed the 2019 budget on April 15. Highest since 1994In a comment, ING Bank Manila senior economist Nicholas Antonio Mapa said the April budget surplus was the highest of its kind recorded since 1994. YTD tallyReckoned from the start of 2019, revenues were up 7.4 percent year-on-year to P996.4 billion as of end-April. Year to date, the primary balance hit a surplus of P127.9 billion, wider than last year’s P14.5 billion.
Source: Manila Times May 24, 2019 17:02 UTC