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.052298.com
Budget shortfall narrows in July
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.
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
- Wife and ally of ousted SKorean president indicted by special prosecutors
- Trump withdraws Kamala Harris's Secret Service protection
- Villanueva: Regularize contractual govt workers
- Indonesia protests put spotlight on paramilitary police force
- DoJ to begin preliminary investigation into missing cockfighting enthusiasts
- Four children killed by parents in Dominican Republic — police
- Nartatez to reassign Torre if he won't retire, says they're 'okay'
- SpaceX cancels Starship megarocket launch in latest setback
- Planning via ‘gender lens’ to make cities more inclusive — expert
