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, This news data comes from:http://ycyzqzxyh.com
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.
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.
- Suspect in 2012 killing of Dutch aid worker freed
- Indonesia, US and allies launch joint military drills
- PNP chief Torre relieved from post — Palace
- UK refuses to invite Israeli government officials to London arms fair over the war in Gaza
- Wildfires producing 'witches' brew' of air pollution – UN
- Customs preparing report on Discayas’ 28 luxury cars
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- Escudero subpoenas 5 contractors, 3 DPWH executives to Senate probe
