MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July
The P18.9-billion deficit — from revenues of P472.3 billion and expenditures of P491.2 billion — markedly declined from June’s P241.6-billion deficit and July 2024’s P28.8-billion shortfall.
Year to date, the budget balance remained in deficit at P784.4 billion, higher than the P642.8 billion seen in the same period last year.
July revenues were up 3.26 percent from last year's P457.4billion. Taxes accounted for almost all of the month’s revenues at P423.0 billion., This news data comes from:http://xs888999.com
To date, revenues and expenditures were 4.82 percent and 8.22 percent higher than P2.61 trillion and P3.25 trillion, respectively, recorded from January to July last year.
- Lacson: DPWH exec sought ‘insertions’
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- PH to host seafarers’ welfare forum
- Malacañang hits back at VP Duterte's criticism on flood scam probe
- Philippines nears universal healthcare, 80% goal achieved -- Marcos
- Vico encourages citizens on Heroes’ Day to be brave
- Wildfires producing 'witches' brew' of air pollution – UN
- Wife and ally of ousted SKorean president indicted by special prosecutors
- Former president Duterte's health stable despite high blood sugar, says VP Sara
