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Improved alert level status to help gov't finances: economist - Vimarsana News

Improved alert level status to help gov't finances: economist

Published: May 28, 2022

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...

Source: philippinetimes.com
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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 TrillionOwer By Php54 BillionR 14 76 Percent Than In End April 2021 Rizal Commercial Banking Corp Rcbc Chief Economist Michael Ricafort Traced The Budget Surplus To Several FactorsMong Them The Seasonal Increase In Tax Revenues That MonthHe 45 Day Election Ban On Some Infrastructure ProjectsNd The Continued Reopening Of Economy That Has Allowed More Businesses To Operate Quot Measures Further Reopen Towards Greater NormalcyUch As The Proposed Nationwide Alert Level 1Ould Further Help Improve Increase The Government 39s Tax Revenue Collections And Also Curb Growth In SpendingSpecially On Various Covid Programs For The Coming Months YearsUot Ricafort Said He Explained That With The Change In Government Starting Second Half Of This YearOntinuing The Robust Fiscal PerformanceLong With The Improvement In Credit Ratings Of Country