Government Revenue Growth Sustains Fiscal Discipline, Deficit Below Target
Manila: The national government recorded a sustained growth in revenue collections in the first nine months of the year, keeping the fiscal deficit below the program during the period, the Bureau of the Treasury (BTr) said Thursday. In its latest cash operations report, the BTr said total revenue collections from January to September this year reached PHP3.37 trillion, up by 2.24 percent from the PHP3.30 trillion in the same period last year. According to Philippines News Agency, the increase in revenue collections was driven by higher tax collections. “This makes revenue performance on track to hit the full-year program of