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., This news data comes from:http://www.xs888999.com
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
- Bonoan resigned due to command responsibility — Marcos
- Xi and Putin round on West at regional summit in China
- Comelec delays implementation of decision disqualifying Duterte Youth Party-List
- Israeli army: Gaza City now 'a dangerous combat zone'
- Immigration bureau declares war on fake Filipinos and illegal workers
- SpaceX scrubs latest Starship launch due to bad weather
- China 'unstoppable', says Xi with Kim, Putin at his side
- Prince Harry to visit UK on anniversary of queen's death
- Japanese volunteers to PH 'bedrock' of bilateral relations, says envoy
- Task force cites new threats to media workers
