MANILA, Philippines - Government expenses in February went over the budget by P21.5 billion Pesos = 340.86 Million Euro (basing currency converter) , down from the year-ago deficit of P33.2 billion but reversed the budget surplus posted in January.
This brought the budget deficit for the first two months to P8.1 billion.
The shortfall was “way below the P52.3-billion ceiling for the (first two months of the year) and a big improvement from the P70.3-billion deficit posted in the same period last year,” Finance Secretary Cesar V. Purisima said.
Purisima said the national government posted a primary surplus of P0.7 billion for the month, which was the seventh consecutive month under the Aquino Administration(better Budjet Management). This meant that a primary surplus was recorded every month since the new government assumed office last July which is blurry.
The government’s fiscal position, when reckoned without interest payments, yields the so-called primary surplus or deficit.
“Primary surplus for the first two months of the year amounted to a total of P50 billion Pesos or 811.59 Million Euros (basing currency converter),” the finance chief added.
January-February expenses reached P224 billion, or 6.4-percent less than the P239.4 billion incurred in the same period of 2010.
Revenues for the first two months reached P216 billion, or 27.8 percent higher than last year’s P169 billion.
The Bureau of Internal Revenue contributed P128 billion, up 10.7 percent from year-ago collections of P115.6 billion. The Bureau of Customs chipped in P39.1 billion, up 9.7 percent year on year from P35.7 billion. The Bureau of the Treasury turned in P33.6 billion, which was more than four times the P8.2 billion earned a year ago.
Other government offices yielded P15.2 billion, up 59.6 percent year on
year from P9.5 billion.
In February alone, expenditures reached P101.5 billion, lower by 7.6 percent than the P109.9 billion spent in the same month of 2010.
Total revenues reached P80 billion, an increase of 4.4 percent from P76.7 billion.
Of the total, the BIR chipped in P53.4 billion, which was 4.8 percent higher than the year-ago P51 billion. Customs contributed P18.1 billion, an increase of 30.5 percent from P13.9 billion. The Treasury turned in P2.6 billion while other offices yielded P5.4 billion.
Bank budget are from the link below.
Philippine National Bank (PNB) Agoo Branch, Consolacion, Agoo
pnb Agoo branch
pnb consolacion
Bank, Money or Currency Changer | Transfer for Exchange | Account
This brought the budget deficit for the first two months to P8.1 billion.
The shortfall was “way below the P52.3-billion ceiling for the (first two months of the year) and a big improvement from the P70.3-billion deficit posted in the same period last year,” Finance Secretary Cesar V. Purisima said.
Purisima said the national government posted a primary surplus of P0.7 billion for the month, which was the seventh consecutive month under the Aquino Administration(better Budjet Management). This meant that a primary surplus was recorded every month since the new government assumed office last July which is blurry.
The government’s fiscal position, when reckoned without interest payments, yields the so-called primary surplus or deficit.
“Primary surplus for the first two months of the year amounted to a total of P50 billion Pesos or 811.59 Million Euros (basing currency converter),” the finance chief added.
January-February expenses reached P224 billion, or 6.4-percent less than the P239.4 billion incurred in the same period of 2010.
Revenues for the first two months reached P216 billion, or 27.8 percent higher than last year’s P169 billion.
The Bureau of Internal Revenue contributed P128 billion, up 10.7 percent from year-ago collections of P115.6 billion. The Bureau of Customs chipped in P39.1 billion, up 9.7 percent year on year from P35.7 billion. The Bureau of the Treasury turned in P33.6 billion, which was more than four times the P8.2 billion earned a year ago.
Other government offices yielded P15.2 billion, up 59.6 percent year on
year from P9.5 billion.
In February alone, expenditures reached P101.5 billion, lower by 7.6 percent than the P109.9 billion spent in the same month of 2010.
Total revenues reached P80 billion, an increase of 4.4 percent from P76.7 billion.
Of the total, the BIR chipped in P53.4 billion, which was 4.8 percent higher than the year-ago P51 billion. Customs contributed P18.1 billion, an increase of 30.5 percent from P13.9 billion. The Treasury turned in P2.6 billion while other offices yielded P5.4 billion.
Bank budget are from the link below.
Philippine National Bank (PNB) Agoo Branch, Consolacion, Agoo
pnb Agoo branch
pnb consolacion
Bank, Money or Currency Changer | Transfer for Exchange | Account
