Year-to-date deficit falls to P5-B; revenues up 13% in first 2 months. A budget surplus was achieved by the Aquino administration in February as revenues increased by almost half amid rising expenditures as government front ends spending.
Read More3April2012_February-2012-fiscal-report30 March 2012, Manila, Philippines: The January to February fiscal deficit of the National Government was recorded at 5.3 billion, lower than the deficit of P8.1 billion incurred during the same period last year. The National Government recorded a surplus in February amounting to P10.7 billion.
Read MoreAlarmed over reports that the Bureau of Customs (BOC) is being used by some ill minded individuals for fraud, either through mail or the internet, Customs Commissioner Ruffy Biazon has warned the public not to entertain any notice, supposedly from the Bureau of Customs, about a package and a certain amount to be paid for the parcel to be delivered to the addressee, but to report them instead to the BOC for appropriate action.
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