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                    [ArticleID] => 88010
                    [Title] => Gov't posts P9-B budget surplus; cuts still eyed
                    [Summary] => 

First, the good news.

The government posted a "surplus" of P9.03 billion for the first four months of
this year, Finance Secretary Jose Pardo reported yesterday to President
Estrada.

Now, the bad news: despite government's revenue collection exceeding its
expenditures from January to April, Pardo said the Economic Coordinating
Council (ECC) has recommended that the President institute mandatory five
percent cuts on the budgets of all executive departments.

"When you're ahead, you have to plan ahead...
                    [DatePublished] => 2000-05-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1199215
                    [AuthorName] => by MarichuVillanueva
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

        )

)

BUDGET SECRETARY BENJAMIN DIOKNO AND ECONOMIC PLANNING SECRETARY FELIPE

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                    [ArticleID] => 88010
                    [Title] => Gov't posts P9-B budget surplus; cuts still eyed
                    [Summary] => 

First, the good news.

The government posted a "surplus" of P9.03 billion for the first four months of
this year, Finance Secretary Jose Pardo reported yesterday to President
Estrada.

Now, the bad news: despite government's revenue collection exceeding its
expenditures from January to April, Pardo said the Economic Coordinating
Council (ECC) has recommended that the President institute mandatory five
percent cuts on the budgets of all executive departments.

"When you're ahead, you have to plan ahead...
                    [DatePublished] => 2000-05-14 00:00:00
                    [ColumnID] => 133272
                    [Focus] => 0
                    [AuthorID] => 1199215
                    [AuthorName] => by MarichuVillanueva
                    [SectionName] => Headlines
                    [SectionUrl] => headlines
                    [URL] => 
                )

        )

)

abtest

Gov't posts P9-B budget surplus; cuts still eyed

By by MarichuVillanueva | May 14, 2000 - 12:00am

First, the good news. The government posted a "surplus" of P9.03 billion for the first four months of this year, Finance Secretary Jose Pardo reported yesterday to President Estrada. Now, the bad news: despite...

Headlines