Gov’t slips back to budget deficit at P76.4B in February

MANILA, Philippines -- The national government slid back to a budget deficit in February, pegged at P76.4 billion, after chalking up a surplus of P44.5 billion in January, the Bureau of the Treasury said Friday. The January-February fiscal position settled at a deficit of P31.8 billion, which was 23 percent less than the P41.5-billion deficit recorded in the comparative period of 2017, according to the bureau. February revenues jumped by 13 percent year-on-year to P202.1 billion, bringing collection for the first two months to P458.5 billion --- a year-on-year increase of 10 percent, the Treasury said. Spending in February revved up by 21 percent to P278.5 billion even with a re...

Keep on reading: Gov’t slips back to budget deficit at P76.4B in February

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