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.
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., This news data comes from:http://771bg.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.
- 'God's Influencer' to become first millennial saint
- Lacson lauds Leviste for arrest of DPWH engineer who offered P360M bribe
- EU massive fine against Google draws Trump threat
- ‘God’s Influencer’ to become first millennial saint
- 500 Internal Server Error
- National Guard troops begin carrying weapons in US capital
- White House fires US health agency head after she refused to quit
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- Firefighters arrested by US immigration officials
- Philippines nears universal healthcare, 80% goal achieved -- Marcos
