MANILA — The Philippine government posted a P68.4 billion ($1.19 billion) budget surplus PHBUD=ECI in January, down 22% from a year earlier, the Bureau of the Treasury said on Tuesday. ($1 = 57.3400 Philippine pesos) —Reporting by Mikhail Flores; Editing by Jacqueline Wong The post Philippine government reports P68.4 billion budget surplus in January appeared first on Interaksyon.
The Philippine government reported a P68.4 billion budget surplus in January, a 22% decrease from the previous year. The Philippines also: raised $3.3 billion through the sale of U.S. dollars, experienced a budget deficit of P273.3 billion in September, P28.8 billion in July, and P42.7 billion in April, and fully awarded P20 billion and $262 million in T-bill offers.
