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.
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., This news data comes from:http://ty-rgpj-ejcd-akuy.aichuwei.com
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
- Australia's mushroom murderer faces victims' family in court
- Sara Discaya admits owning 28 luxury cars
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- India to probe giant zoo run by son of Asia's richest person
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- More funding sought for sports commission
- Comelec defers reconstitution of BARMM parliamentary districts
- US strike marks shift to military action against drug cartels
- French parliament set to eject PM in blow to Macron
- Two foreigners face trafficking complaint in Pasay City
