MANILA-The National Government (NG) posted a P21.9 billion fiscal - TopicsExpress



          

MANILA-The National Government (NG) posted a P21.9 billion fiscal surplus in August to bring the 2013 total deficit to P 82.6 billion. The fiscal surplus for the month was 8% above the P20.3 billion target for August and more than eight times the surplus of P2.5 billion achieved in August 2012. BIR, BOC, and the BTr all achieved double-digit growth for the month of August compared to the previous year. Secretary of Finance Cesar Purisima noted that the August surplus was achieved despite nearly on-target spending, signaling the government’s success at sustaining fiscal strength. see more at manilachannel/general-news/budget-surplus-august-2013-p21-9b/
Posted on: Wed, 09 Oct 2013 01:59:46 +0000

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