NG posts P67.3-B surplus in April

THE NATIONAL GOVERNMENT’S (NG) fiscal position swung to a surplus in April as an uptick in tax revenues offset the decline in state spending, the Bureau of the Treasury (BTr) said on Tuesday.

Data from the Treasury posted a P67.3-billion surplus in April, a turnaround from the P375.73-billion deficit in March.

The surplus was also 57.51% higher than the P42.7-billion surplus seen in April 2024.

This was the first budget surplus since the P68.36-billion surplus in January.