Govt April primary budget surplus P94.3B; doubles year-earlier, reverses March deficit

The national government posted a primary budget surplus of P94.3 billion for April after netting out interest payments, reversing the P9.4 billion primary deficit posted a month earlier.

Even without accounting for interest payments, the budget surplus stood at P80.9 billion as revenues significantly rose against expenditures during the month, according to data released by the Department of Finance (DOF) on Wednesday.