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., This news data comes from:http://xs888999.com
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.
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.
- Philippines nears universal healthcare, 80% goal achieved -- Marcos
- Israeli army: Gaza City now 'a dangerous combat zone'
- DOTr denies ordering shutdown of online selling platforms
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- Workers urge Marcos to stop corruption by banning political dynasties
- Drones take on Everest's garbage
- NBI slaps Alice Guo, 35 Others with new graft, misconduct cases
- MMDA unveils plan to build rainwater impounding facilities in Camp Aguinaldo
- Modi and Putin affirm special relationship as India faces steep US tariffs over Russian oil imports
- Afghan quake death toll surges to over 2,200
