The national government’s fiscal balance posted a surplus of PhP28.81 billion in August 2017 from the deficit of PhP50.51 billion recorded the previous month. In January-August 2017, the country recorded a PhP176.17 billion deficit, 27.32% higher than last year’s deficit of PhP138.38 billion.

Revenue in January-August 2017 increased to PhP1,601.39 billion from the PhP1,480.77 billion recorded the previous year, resulting in a 8.2% growth in revenue collections year-to-date.  However, national government spending reached PhP1,777.56 billion, up by 9.8% from the PhP1,619.15 billion recorded in the same period last year.

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