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.
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://www.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.
Budget shortfall narrows in July
- International media protest over journalist deaths in Gaza
- Duterte’s defense team outlines ICC strategy
- Berlin urges Israel to 'immediately' improve humanitarian conditions in Gaza
- Sen. Bong Go files bill for better health worker protection, benefits
- Israel flattens high-rise as it tells Gaza City residents to flee
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- PH Army showcases disaster response capabilities before Thai defense officials
- ‘Lannie’ to bring rain over NLuzon, southwest monsoon to affect Metro Manila, Calabarzon, Mimaropa —Pagasa
- China is showing off its weaponry in a tightly controlled military parade
- P1.7-M shabu seized in Taguig buy-bust
