Tag: narrows
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NG budget deficit narrows in June
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THE NATIONAL Government’s (NG) budget deficit narrowed by 7.24% year on year in June, as revenue collection grew at a faster clip than spending, the Bureau of the Treasury (BTr) said on Wednesday. Treasury data showed the budget gap shrank to P209.1 billion in June from P225.4 billion a year…
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Budget surplus narrows in April as spending rises
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THE NATIONAL Government’s (NG) budget surplus narrowed in April as expenditures surged by 32%, outpacing the 22% rise in revenues, the Bureau of the Treasury said.
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Budget deficit narrows in March
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By Luisa Maria Jacinta C. Jocson, Reporter THE National Government’s (NG) budget gap narrowed in March amid a dip in tax collection and muted spending, the Bureau of the Treasury (BTr) reported on Wednesday. Data from the BTr showed the Philippines’ budget deficit shrank by 6.82% to P195.9 billion in…