The Philippine government posted a budget surplus of P67.3 billion in April 2025, a 57.51-percent increase from a year ago, according to the Bureau of the Treasury (BTr).
Total revenue collections reached P522.1 billion in April, down 2.82 percent due to the timing of non-tax collections.
The decline was offset by a 7.84-percent growth in tax revenues.
The government said it remains on track to meet its collection goals, with four-month revenue performance strong at P1.5 trillion, up 3.35 percent year-on-year, led by an 11.49-percent increase in tax revenues which accounted for 94 percent of total collections. Non-tax revenues made up the remaining 5.97 percent or P90.7 billion.
April expenditures fell 8.03 percent, or P39.7 billion, to P454.8 billion from P494.5 billion a year ago. The BTr said the decline was largely due to lower interest payments and reduced subsidies to government corporations, particularly the National Irrigation Administration.
The timing of the transfer of the capitalization requirement for the Coconut Farmers and Industry Trust Fund also weighed on April spending growth, it said.
