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://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.
- China displays its weaponry in a tightly controlled military parade
- Pagasa sees cyclone-free week across PH
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- Fuel prices up for 3rd straight week
- Palace rejects China's 'troublemaker' tag
- Australia's 'mushroom murderer' handed life in prison with parole
- Motive probed for US church shooting that killed 2 children, injured 17
- NATIONAL ARTIST'S HOMETOWN
- Lone bettor wins P86M in 6/42 lotto draw for Sept 6
- What to know about Indonesia's nationwide unrest over lawmakers' perks
