Philippines posts P45.75 billion budget surplus in January

MANILA— The Philippine government posted a budget surplus PHBUD=ECI of P45.75 billion ($837.15 million) in January, versus a P23.4 billion pesos deficit in the same period last year, the finance ministry said in a statement on Friday.

($1 = 54.65 Philippine pesos)

—Reporting by Neil Jerome MoralesEditing by Ed Davies