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BUDGET SURPLUS. Rizal Commercial Banking Corp. chief economist Michael Ricafort. On Friday (May 27, 2022), Ricafort attributed the PHP4.9 billion budget surplus in April to several factors, among them the continued reopening of the economy that has allowed more businesses to operate. (Photo from RCBC) MANILA - The continued reopening of the economy is seen to further lift the government's revenue collections, as shown by the PHP4.9 billion budget surplus registered in April. The Bureau of the Treasury reported on Friday that revenues in the fourth month this year rose by 19.19 percent year-on-year to PHP348 billion due to the strong contribution of all government collecting agencies. The jump in revenues surpassed the 1.98 percent growth in expenditures to PHP343 billion. Total revenues in the first four months of the year reached PHP1.132 trillion, up by 14.56 percent compared to the same period last year, while spending amounted to PHP1.444 trillion, 6.64 percent higher than in t

San carlosNegros occidentalMichael ricafortBureau of the treasuryEconomic teamRizal commercial banking corpCommercial bankingAlert levelBudget surplus rizal commercial banking corp chief economist michael ricafort on friday may 27Icafort attributed the php4 9 billion budget surplus in april to several factorsMong them the continued reopening of economy that has allowed more businesses to operate photo from rcbc manila is seen further lift government 39s revenue collectionsS shown by the php4 9 billion budget surplus registered in april bureau of treasury reported on friday that revenues fourth month this year rose 19 percent to php348 due strong contribution all government collecting agencies jump surpassed 1 98 growth expenditures php343 total first four months reached php1 132 trillionP by 14 56 percent compared to the same period last yearHile spending amounted to php1 444 trillion64 percent higher than in the same period last year this brought budget gap to php311 9 billionOwer by php54 billion