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.705-888.com
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.
- Drones take on Everest's garbage
- Nartatez vows fair assignments, better resource management as new PNP chief
- President Marcos launches HD Hyundai Shipyard in Subic
- Preliminary report on Lisbon funicular accident expected
- China's Xi holds talks with North Korea's Kim in Beijing
- Alice Guo faces new cases over POGO land
- Drug war whistleblower Royina Garma returns to PH after US detention
- NKorea's Kim tells Xi hopes to 'steadily develop' ties – KCNA
- De Lima bucks Lacson's budget 'experiment
- 2 policemen placed under preventive custody for allegedly molesting a female colleague in Marikina
