Finance Secretary Recto anticipates a budget surplus in January and February, but not for the rest of 2024 due to revenue targets.
Finance Secretary Ralph Recto expects a budget surplus in January and February, but not for the rest of the year due to revenue targets. The government posted a record P88 billion budget surplus in January, its highest since 1986, but Recto does not anticipate maintaining this surplus throughout 2024, despite hitting targets. Government revenues for the last two months and a half have increased by 20% year-on-year.
March 20, 2024
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