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., This news data comes from:http://xs888999.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.
Budget shortfall narrows in July
- Angkas supports DICT's amnesty program for unregistered delivery services
- Lacson: DPWH exec sought ‘insertions’
- Trump withdraws Kamala Harris's Secret Service protection
- Red Cross head says mass evacuation of Gaza City 'impossible'
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- Lacson clears air over conflict with Marcoleta on flood control probe
- IBP to form good governance panel
- Putin meets Kim, praises North Korean troops in Russia
- Immigration deports 49 South Korean fugitives
- Labubu fans flock to stores after launch of mini dolls
