• PH govt budget balance reverts to surplus in April

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    THE national government’s budget balance reverted to a P55 billion surplus in April, reversing a deficit in March on stronger revenue collections, data released by the Department of Finance (DOF) showed on Wednesday.

    The budget balance in March stood at a deficit of P74.38 billion. Year-on-year, the April surplus was marginally wider than the year ago surplus of P52.6 billion.

    Revenues of P246.6 billion surpassed disbursements of P191.6 billion, the DOF said.

    MAYVELIN U. CARABALLO

    MC/CC

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