By Justine Irish D. Tabile, Senior Reporter
THE NATIONAL Government’s (NG) budget surplus narrowed sharply in April to P31.4 billion amid muted revenue growth as the deadline for filing annual income tax returns was moved to May, the Bureau of the Treasury (BTr) said.
In a statement on Tuesday, the Treasury said the April surplus was 53.29% lower compared with the P67.3-billion surplus a year ago.
Month on month, the budget balance swung to a surplus from the P349.7-billion deficit in March.
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