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, This news data comes from:http://www.705-888.com
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.
- US church shooter 'obsessed with idea of killing children'
- Putin and Modi in China for summit hosted by Xi
- Discaya’s construction companies competed against each other during biddings
- Marcos mum on Magalong joining independent commission for DPWH probe
- Comelec defers reconstitution of BARMM parliamentary districts
- Trump escalates crackdown threats with Chicago 'war' warning
- Need to pee? Japan has QR code for that
- SC acquits suspect in 2012 killing of Dutch aid worker over doubtful testimonies
- Israel expects 1 million Gazans to flee new offensive
- Xi and Putin reaffirm 'old friend' ties in the face of US challenges
