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.
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.
Budget shortfall narrows in July
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., This news data comes from:http://www.705-888.com
- Marcos to mark ‘Thrilla In Manila’ 50th anniversary
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- GoTyme gives customers 20 free InstaPay transfers per month
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- Open mic caught Xi, Putin discussing immortality
- LPA off Leyte has low chance of becoming cyclone within 24 hours —Pagasa
- India to develop fighter jet engines with French company
- Construction managers, developers back Housing chief's anti-corruption advocacy
- Eala kicks off US Open campaign, aims for breakthrough win in New York
