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://xs888999.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.
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
- Housing secretary declares 'zero-tolerance' policy on corruption
- UK refuses to invite Israeli government officials to London arms fair over the war in Gaza
- DPWH fires Bulacan engineers, blacklists contractors over anomalous projects
- CFO moves office from QC to Pasay
- PH, Australia commend ‘impressive’ joint sea drills
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Thai cannabis-championing tycoon takes office as PM
- A summit and parade in China may signal a geopolitical shift
- Xi meets Modi as China and India seek to rebuild ties
- ‘God’s Influencer’ to become first millennial saint
