Govt budget balance turns positive

By Mayvelin U. Caraballo

May 28, 2022 12:29 am

THE Bureau of the Treasury said the government's budget balance became positive in April as revenues surpassed spending.

The surplus, at P4.9 billion, was a sharp contrast to the P44.4-billion shortfall a year earlier. Year to date, the balance was P311.9 billion in deficit, down 14.75 percent from the P365.9 billion posted in the same period in 2021.

Bureau of the Treasury

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