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COA flags overpriced medical supplies, equipment
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By TED CORDERO, GMA News
Published May 25, 2021 6:48pm The national government’s fiscal balance yielded a narrower deficit in April as state revenues increased due to payment of income taxes during the period as well as the decline in public spending, Bureau of the Treasury (BTr) said Tuesday. Data released by the Treasury showed the budget deficit last month stood at P44.4 billion, down 83.78% from P273.9 billion in April 2020. The narrower fiscal shortfall “was driven by the 55.46% growth in revenue performance due to the payment of income taxes, vis-a-vis a 27.14% decline in expenditures from the substantial COVID-19 spending at the height of the imposition of the enhanced community quarantines last year.”
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