January to November Fiscal Deficit at P26.8 billion
Purisima: Prudent fiscal management keeps us in virtuous cycle
“I am pleased to note that the National Government’s budget balance in November 2014 was at a surplus of P6.8 billion, wider than the year-ago surplus of P1.0 billion. Year-to-date, the budget balance was at a deficit of P26.8 billion, well-within the program,” Finance Secretary Cesar Purisima said.
In response to changes and developments in the capital market, Finance Secretary Cesar Purisima deemed it necessary to take measures to protect the the investing public from fraud or loss by ensuring the proper assessment and collection of taxes on the transfer of government securities.
Read MoreThe Bureau of Treasury (BTr) today said that contrary to claims made by Sen. Ralph Recto, P137.288 billion in Malampaya Funds remain intact in the National Government, with collections and government shares for the fund still credited and booked under Fund Code 151, a Special Account in the General Fund (SAGF) managed by the BTr.
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