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Budget surplus widens in January

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The government posted a wider budget surplus in January, the Bureau of the Treasury reported Friday, March 23, as revenues surged to outpace public spending on the back of tax reform.

The country’s budget balance logged a P10.2-billion surplus as the year opened as revenue collections jumped by nearly a fifth from a year ago as the Tax Reform for Acceleration and Inclusion (TRAIN) law kicked in. — Melissa Luz T. Lopez









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