MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July
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://tbwtrnct.xs888999.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.
- LPA has big chance of intensifying into tropical cyclone to be named ‘Kiko’
- Argentina hunts Nazi-looted painting revealed in property ad
- Metro Manila disaster agencies expand response areas in preparation for 'Big One'
- 175th birth anniversary of Marcelo H. Del Pilar commemorated in Manila
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- BuCor chief calls for major reforms
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- Discaya’s construction companies competed against each other during biddings
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- Indonesian police officer fired over killing that sparked protests
