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
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.
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
- Marcos urged to raise WPS resolution at UN
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
- Five killed in New York state tourist bus crash
- Napoles guilty in another 'pork barrel' case, sentenced to 55 years in jail
- Philippine forces deliver supplies and personnel to disputed South China Sea shoal despite tensions
- Globe: Mobile data helps drive national progress
- Taiwan, China locked in historical word war
- Hontiveros urges probe on Chinese faking Filipino identity
- Alex Eala makes history With comeback victory at US Open
- Marcos mum on Magalong joining independent commission for DPWH probe
