- The Philippines’ budget surplus wasPHP45.749b in January, according to the Bureau of the Treasury.
- Revenues rose 25% y/y
- Revenues were PHP348.17b
- Expenditures were PHP302.42b
- January expenditures little changed from 301.457b pesosa year ago, according to Department of Finance document
- January surplus compared to 23.382b pesos deficit a year ago
- “This favorable outcome was a result of revenues outgrowing government spending,” Finance department says in statement