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Gov’t posted P88-B budget surplus in January

By Inquirer - 8 months ago
MANILA, Philippines  — The government’s fiscal position snapped eight straight months of deficit to post a budget surplus of P88 billion in January, the Bureau of the Treasury reported Friday. In a statement, the Treasury attributed the fiscal surplus to the faster 21.15-percent year-on-year increase in revenue collection to P421.8 billion, which outpaced the 10.39-percent

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