THE NATIONAL Government’s (NG) budget surplus more than doubled in January to P165.4 billion amid a double-digit decline in spending, the Bureau of the Treasury (BTr) said.
In a statement, the Treasury said the NG posted a P165.4-billion budget surplus in January, 141.91% higher than the P68.4-billion surplus a year ago due to “sustained revenue growth.”
Month on month, the budget balance swung to a surplus from the P313.17-billion deficit in December last year.
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