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://xs888999.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.
- Mob burns Nigerian woman to death over Islam blasphemy claim — police
- Marcos soon to create commission to probe flood control projects
- Modi and Putin affirm special relationship as India faces steep US tariffs over Russian oil imports
- IBP forms committee on good governance to probe corruption
- ‘Lannie’ to bring rain over NLuzon, southwest monsoon to affect Metro Manila, Calabarzon, Mimaropa —Pagasa
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- 'God's Influencer' to become first millennial saint
- Marcos lauds Alex Eala’s win in Guadalajara
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- Prince Harry visits late queen’s grave, stirs King Charles meeting speculation
