MANILA — State revenue collection in April 2017 rose four percent year-on-year, partly due to the deadline of filing of income tax returns, enabling the government to post a P52.8 billion budget surplus.
Data released by the Bureau of the Treasury (BTr) Friday showed that the budget surplus in the fourth month this year is, however, 4.4 percent lower than year-ago’s P55 billion.
Revenues for the month amounted to P235.9 billion, four percent lower than year-ago’s P246.6 billion.
Of the total, the Bureau of Internal Revenue (BIR) contributed P219.9 billion, up four percent from year-ago’s P211.8 billion.
Collections by the Bureau of Customs (BOC) reached P31.1 billion, down five percent compared to the P32.7 billion same period last year.
Revenues of the BTr contracted by 75 percent to P7.1 billion but the Other Offices posted a 29 percent increase in collection to P8.9 billion.
Expenditures last April reached P183.1 billion, four percent down against the P191.6 billion same period last year.
4-month data
For the four-month period, revenues totaled to P768.3 billion, up six percent from year-ago’s P725.6 billion.
Expenditures are up two percent to P798.4 billion from the end-April 2016’s P783.1 billion.
This resulted in a budget gap of P30.2 billion, down 47 percent than the P57.5 billion same period last year.
BIR and BOC’s collection both rose 10 percent during the period to P558.1 billion and P135.3 billion, respectively.
BTr revenues amounted to P30.1 billion, down 43 percent, and the Other Offices’ collection rose by nine percent to P38.8 billion.
