THE NATIONAL Government’s (NG) budget surplus narrowed in January, as state spending growth outpaced that of revenue collection, the Bureau of the Treasury (BTr) said.
In a statement, the Treasury said the NG posted a P68.4-billion budget surplus in January, 22.27% lower than the P88-billion surplus a year ago due to “sustained revenue growth alongside increased expenditures.”
Month on month, the budget balance swung to a surplus from the P329.5-billion deficit in December last year.
This was the first budget surplus posted since the P6.34-billion surplus in October 2024.
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