My Google Page Rank

P-Noy announces P9-billion budget surplus

PDFPrintE-mail

WASHINGTON DC – President Benigno S. Aquino III announced on Wednesday that the Philippines had a budget surplus of P9-billion for the month of August.

The President made the announcement in his speech at a meeting with the Filipino community held at the Fairfax Hotel here.

“And the good news is for the month of August, we have a budget surplus of 9 billion pesos,” the President said.

He, however, said that the reason for the surplus was because the government was underspending.

“The downside is we are very far from the program budget deficit which means that there are certain quarters in our country that say we are underspending. Okay ho ba yun? Kulang ang ginagastos nyo,” the President said.

“Kailangan gumastos tayo dahil maiipit yung paglago ng ekonomiya kung hindi natin gagastusan. Mas maganda na ho yatang problema yun,” he added.

In a separate interview, Budget Secretary Florencio Abad said that increased revenue collections were also behind the budget surplus.

“Kasi ang spending natin from January to August 2011 is bigger than the same period in 2010. So, we are continually spending well but in this instance

the increase in revenues is greater than the decrease in the improvements in spending,” Abad said. (PCOO/PIA9-BST)




Related news items:
Newer news items:
Older news items:

Add comment


Security code
Refresh

BAP REGIONAL DIRECTOR R-9... REV. FR. JONATHAN DUCA

24 Sep 2017 Hits:49 Be the first to comment!

Este el istoria porcaosa del nuevo posicion que ya dale con Rev. Fr. Jonathan Duka y Omar Bowon, el dos cabesa pensante, que ya delega canila cuando ya atende sila el BAP National congress special meeting na Manila . Si fr. Jonathan Duka el ahora Regional Director R-9 y si Omar Bowon Regional Commissioner R-9 que ya jura sila para hace mga buen programa del Bap na region 9. Si Rev. Fr. Argeo Justol amo el queda el City Director y si Atty. Bernardino Ferrer amo el Regional Legal counsel del Bap. Ayer ya tiene regular meeting y ya invita sila conmigo como el National President del BAP cuando ya conversa yo con el opiciales y miembro ya rebela yo cosa [...] Read more

Prev Next Page:

FAST & THE FURIOUS… STREETTUNERS AUTOCROSS TEAM ZAMBOANGA

22 Sep 2017 Hits:59 Be the first to comment!

Este clase de desportes el Motor Sports – Autocross /Drifting                               El presidente del organizacion si [...] Read more


Mini-grocery loses P.5M to robbers

20 Sep 2017 Hits:98 Be the first to comment!

The Sta. Maria Police (Police Station 7) is now conducting a deeper probe on the robbery of a mini-grocery in Barangay Tumaga, this city, where the sum of P500,000 was [...] Read more


Three hurt including a minor in vehicular incident

20 Sep 2017 Hits:86 Be the first to comment!

Three persons including a minor were injured after they were hit by a motorcycle along MCLL Highway, Barangay Quiniput, this city, last Saturday. Police identified the injured victims as Floribel Perez [...] Read more


SLIPPERY MOVES OF… FLORA

20 Sep 2017 Hits:73 Be the first to comment!

Este si Flora May S. Ceno, ta llama conele Flora , 20 años de edad, residente de Poblacion, Lakewood Zamboanga Del Sur . Su mayores si Rolando M. Ceno y [...] Read more


FIGHTER’S VISION... GHEN YAN

17 Sep 2017 Hits:89 Be the first to comment!

Este si Ghen Yhan Cabayaruz Berdon , su palayao “yan Yan”, 15 años de edad 5’4” el altor, anak di Agbayani D. Berdon y Genalyn Cabayacruz Berdon , hermano  si [...] Read more


ENDURANCE DASHER … JEK

15 Sep 2017 Hits:107 Be the first to comment!

Este si Jeric Sabungan Gaceta , su palayao “Jek”, 19 años de edad, 5’6” el altor , residente de Barangay Camino Nuevo , Ciudad de Zamboanga . Su mayores si [...] Read more


ROOKIE VISION… PETER

13 Sep 2017 Hits:114 Be the first to comment!

Este si Peter Edward Patual Ignacio , ta llama conele “Peter”, 18 años de edad, 6’3” el altor, residente de Navarro Court Ext, Sta Maria, Ciudad de Zamboanga . Su [...] Read more


BEST OF THE BEST - SILVER…..JELSEA

12 Sep 2017 Hits:109 Be the first to comment!

Este si Jelsea Nicole Batayen Arboiz , ta llama conele “Jelsea“, 13 años de edad , anak di Roger P. Arboiz y Marites A. Batayen , su hermana si Julie [...] Read more


UPRISING GOLDEN ACHIEVER… NICA

10 Sep 2017 Hits:127 Be the first to comment!

Este si Veronica Padillo Sagrado , ta llama conele na palayao “Nica” , 13 años de edad , anak di Ferdinand Elloreg Sagrado  y Marilyn Padillo Sagrado , su hermana [...] Read more


Factory worker nabbed for illegal drugs

07 Sep 2017 Hits:159 Be the first to comment!

A worker at a canning factory was conducted to Police Station 9 after he was caught in possession of a sachet of alleged shabu while entering the premises of Universal [...] Read more


Student stabbed in street brawl

07 Sep 2017 Hits:145 Be the first to comment!

A grade 9 student was rushed to the hospital after he was stabbed during a brawl in Sitio Pasay, Barangay San Roque, this city, Tuesday. Police Station 7, investigator-on-case from the [...] Read more


PANTHER MOVES… VEN VEN

07 Sep 2017 Hits:116 Be the first to comment!

Este si Kaven Repollo Carandang , su palayao “ven ven “, 14 años de edad ,residente de MalasigaTalungan , Barangay San Roque , Ciudad de Zamboanga . Su mayores si [...] Read more


MUAY THAI BRAWLER…. IAN

06 Sep 2017 Hits:124 Be the first to comment!

Este si Prince Ian Cabayacruz Berdon , ta llama conele “Ian”, 14 años de edad, anak di Agbayani D. Berdon y Genalyn Cabayacruz Berdon . Su hermano si Ghen Yhan [...] Read more


It’s “Business as usual” in ZamPen

06 Sep 2017 Hits:169 Be the first to comment!

Despite the extension of military rule in Mindanao, business remains vibrant in Zamboanga Peninsula. Department of Trade and Industry-9 Regional Director Sitti Amina M. Jain said peace and order remains stable [...] Read more


Swedish national held for questioning

06 Sep 2017 Hits:179 Be the first to comment!

A Swedish National allegedly heading to Basilan Province was prevented from leaving Zamboanga City by personnel of the Philippine Coast Guard Zamboanga Station (PCGZS) on Sunday. A report coming from the [...] Read more


SEA GAMES MUAY THAI BRONZE… RYAN

03 Sep 2017 Hits:140 Be the first to comment!

El diaton Muay Thai Bronze medalist  si Ryan Tarang Jakiri , ta llama conele el “Pilipino assassin” , 25 años de edad, 5’8” el altor , casao cun May Libao [...] Read more


SEA GAMES PENCAK SILAT BRONZE ….JEFF

02 Sep 2017 Hits:136 Be the first to comment!

El diaton Pencak Silat Bronze medalist si Jefferson Rhey Abilay Loon , su palayao “Jeff”, 24 años de edad ,5’7” el altor , residente de Barangay San Roque , anak [...] Read more


SEA GAME BILLIARD STAR…. CHEZKA

01 Sep 2017 Hits:137 Be the first to comment!

El diaton Billiard Cue Star … Chezka Luy Centeno , 18 años el edad , residente de Veterans Avenue Extesion , Tetuan , Ciudad de Zamboanga ,6 sila man Hermana [...] Read more