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://www.xs888999.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.
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.
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.
- No peace without end to hostilities –Arab bloc
- Wife and ally of ousted SKorean president indicted by special prosecutors
- DPWH fires Bulacan engineers, blacklists contractors over anomalous projects
- Duterte’s defense team outlines ICC strategy
- Unnamed skeletons? US museum at center of ethical debate
- ChatGPT to get parental controls after teen's death
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- Palace rejects Sara's offer of 'free advice' on flood solutions, says to give it to 'Mayor Baste' instead
- Marcos Jr. seeks 'fair, impartial' Ombudsman - Palace
- Pope Leo: We must listen first before speaking
