US budget posts first surplus in 4 months
The US government budget showed a surplus in January for the first time since September as the overall budget deficit trended lower, Treasury Department data released Tuesday showed.
The US government budget showed a surplus in January for the first time since September as the overall budget deficit trended lower, Treasury Department data released Tuesday showed.
The government mustered a budget surplus of P2.5 billion in August as a rise in revenue managed to outpace that of spending.
The government posted a record budget surplus of P31.02 billion in April as both revenues and expenses registered double-digit growth year on year, according to the Bureau of the Treasury.
The national government posted a budget surplus of P10.66 billion in February as the surge in revenues outpaced the growth in expenditures, according to the Bureau of the Treasury.
Malacañang may have redoubled efforts to catch up on its spending program, but it continues to report growth in its budget surplus, Budget Secretary Florencio B. Abad said Thursday. In August, funds were in excess despite a year-on-year rise in expenditures because of a “steep increase” in revenue inflows, Abad said in a statement. The [...]
With growing revenue and curtailed spending, the government was able to post a budget surplus of P9.22 billion in August. As a result, the budget deficit in the eight months to August reached P34.49 billion—about a seventh of the P228.1 billion recorded in the same period of 2010. With four months to go before the [...]
MANILA, Philippines—The Aquino administration posted a budget surplus of P26.26 billion in April, the biggest in 25 years and more than 10 times the P2.6-billion surplus a year ago, Finance Secretary Cesar V. Purisima announced Monday. The fiscal performance for the month of April brought the record for the first four months to a surplus [...]
