NG budget surplus narrows in Jan.

THE NATIONAL Government’s (NG) budget surplus narrowed in January, as state spending growth outpaced that of revenue collection, the Bureau of the Treasury (BTr) said. In a statement, the Treasury said the NG posted a P68.4-billion budget surplus in January, 22.27% lower than the P88-billion surplus a year ago due to “sustained revenue growth alongside […]

NG budget surplus narrows in Jan.
THE NATIONAL Government’s (NG) budget surplus narrowed in January, as state spending growth outpaced that of revenue collection, the Bureau of the Treasury (BTr) said. In a statement, the Treasury said the NG posted a P68.4-billion budget surplus in January, 22.27% lower than the P88-billion surplus a year ago due to “sustained revenue growth alongside […]