Gov’t budget deficit steady at P171.2B in February

MANILA, Philippines — The government’s budget deficit narrowed slightly by 0.1 percent to P171.2 billion in February, largely driven by the early remittance of dividends that boosted non-tax revenues. Latest data from the Bureau of the Treasury (BTr) showed that government revenues surged 43.5 percent to P361.3 billion. This outpaced the 25.8-percent increase in expenditures, which