Skip to content

Philippines Today

home of the Global Filipino

Menu
  • News Stories
  • Regional News
  • Business & Economy
  • Science & Technology
  • International
Menu

PHL posts first budget surplus in ’15

Posted on June 18, 2015

By Joann Santiago

MANILA, June 18 (PNA) — The Philippine government posted its first budget surplus in 2015 last April amounting to Php 52.6 billion, the Department of Finance (DOF) reported Thursday.

However, the amount is lower than the Php 80.9 billion surplus same period in 2014 due to the increase in government spending and drop in revenue collections.

DOF data show that expenditures grew by nine percent to Php 156.5 billion against year-ago’s Php 143.6 billion.

Collections, on the other hand, fell seven percent to Php 209.1 billion compared to the Php 224.4 billion in April 2014.

Of the total revenues, the Bureau of Internal Revenue (BIR) shared in Php 160.8 billion, three percent higher than its Php 156.1 billion collection same period last year.

The Bureau of Customs (BOC), on the other hand, posted a nine percent revenue decline to Php 28.1 billion against year-ago’s Php 30.8 billion.

The same trend was registered by the Bureau of the Treasury (BTr), which registered a 62 percent drop in revenues to Php 11.6 billion from Php 30.8 billion in April 2014.

The Other Offices has the highest revenue expansion of 28 percent to Php 8.6 billion from year-ago’s Php 6.7 billion.

For the four-month period, revenues rose by nine percent to Php 679.6 billion compared to the Php 622.9 billion.

BIR contributed Php 467.9 billion, up by 11 percent against the Php 420.8 billion in end-April 2014.

BOC’s revenues went up by three percent to Php 120.4 billion compared the Php 117.3 billion same period last year.

The Other Offices’ revenues rose by 27 percent to Php 41.9 billion from Php 33 billion in the first four months of 2014.

Only the BTr’s January-April collection posted a decline after only reaching Php 49.5 billion against year-ago’s collection amounting to Php 51.8 billion.

The Finance department is positive on the sustained rise of the government’s fiscal space, which has been a big help in the domestic growth.

“We are working hard to, one can perhaps say, put a 6th R to our spending philosophy: we want to spend on right project, with the right quality, with the right people, at the right time, at the right cost, and at the right pace,” it added. (PNA)

Share this:

  • Facebook
  • Twitter
  • LinkedIn
  • Pinterest
  • More
  • Tumblr
  • Reddit

Related

News Categories

  • Announcement (34)
  • Business & Economy (1,567)
  • Comment and Opinion (74)
    • Random Thoughts (18)
  • Current Issues (425)
    • Charter Change (1)
    • Election (228)
    • Population (6)
  • International (389)
  • Life In Japan (66)
    • Everything Japan (41)
  • Literary (34)
  • Miscellaneous (610)
  • News Stories (5,312)
  • OFW Corner (297)
  • Others (75)
  • People (408)
  • Press Releases (163)
  • Regional News (3,362)
  • Science and Technology (502)
  • Sports & Entertainment (287)

Latest News

  • BSP keeps policy rates anew December 17, 2015
  • NEDA cuts PHL additional rice import for 2016 by 25% December 17, 2015
  • DA cites serious implications of banning genetically modified products December 17, 2015
  • BBL is not yet dead – Drilon December 17, 2015
  • Comelec recognizes Duterte’s CoC for president December 17, 2015
  • NEDA chief sees 2015 growth at 6% despite typhoons December 17, 2015
  • House of Representatives ratifies bicam report on P3.002-T national budget for 2016 December 17, 2015
  • Cebu-based developer invests PHP430M to build 709 townhouse units in north Cebu town December 17, 2015
  • City gov’t eyes P75-M income from economic enterprise December 17, 2015
  • Baguio City LGU presents traffic plan for holiday season December 17, 2015

Archives

Meta

  • Log in
  • Entries feed
  • Comments feed
  • WordPress.org

Science and Technology

  • DOST-ICTO targets 500,000 web-based workers from countryside by 2016
  • (Feature) STARBOOKS: A ‘makeover’ for librarians
  • Science, research reduce ‘cocolisap’ hotspot areas in PHL
  • Montejo to further improve PAGASA and empower scientists
  • 1st PPP in biomedical research produces knee replacement system fit for Asians

Press Releases

  • Microsoft to buy Nokia’s mobile devices business for 5.44-B euros
  • New World Bank climate change report should spur SEA and world leaders into action: Greenpeace
  • Save the Philippine Seas before it’s too late — Greenpeace
  • Palanca Awards’ last call for entries
  • Philippines joins the global call for Arctic protection

Comment and Opinion

  • Remembering the dead is a celebration of life
  • Killer earthquake unlikely to hit Panay Island in near future – analyst
  • It’s not just more fun to invest in the Philippines, it is also profitable, says President Aquino
  • How does one differentiate a tamaraw from a carabao?
  • Fun is not just about the place, it is also about the people, says DOT chief

OFW Corner

  • Ebola infection risk low in Croatia
  • Death toll rises to 41, over 100 still missing in landslide in India
  • Asbestos use in construction a labor hazard
  • 500,000 OFWs to benefit POEA on-line transactions — Baldoz
  • 25 distressed OFWs return home from Riyadh
©2025 Philippines Today | Design: Newspaperly WordPress Theme