MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
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.
Budget shortfall narrows in July
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.
Budget shortfall narrows in July
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.
- Mexican senators come to blows after heated debate
- Kneecap to play Paris concert in defiance of objections
- New Quezon City judge to oversee Dengvaxia vaccine cases, sets hearing
- Marcos approves EO for commission to probe flood project anomalies
- Japan PM Ishiba bounces back in polls after election debacle
- Sarah Discaya grilled by Senate over alleged DPWH links
- Tensions soar in Indonesia as protests over police brutality and lawmakers' allowances continue
- 4 of 15 contractors on Marcos list have clean records – DPWH
- Cebu Pacific to launch direct flights between Cebu and Palawan
- Japanese volunteers to PH 'bedrock' of bilateral relations, says envoy
