Philippines’ budget deficit at P42.7 billion in April

May 24, 2024 - 2:46 PM
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1000 cash
This undated file photo shows one thousand peso bills. (The STAR/Walter Bollozos/File Photo)

The Philippine government posted a P42.7 billion ($733.55 million) budget surplus (PHBUD=ECI) in April, the Bureau of the Treasury said on Thursday.

That brought the year-to-date budget deficit to P229.9 billion, versus the P204.1 billion a year ago.

($1 = 58.2100 Philippine pesos)

— Reporting by Mikhail Flores; Editing by Martin Petty