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.gyglfs.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.
Budget shortfall narrows in July
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.
- Pasig fire kills child, injures mother as she tries to save him
- PH Navy spots 20 Chinese ships near BRP Sierra Madre
- Made in China? The remarkable tale of Venice's iconic winged lion
- India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
- NKorea's Kim tells Xi hopes to 'steadily develop' ties – KCNA
- MPD announces road closures for Bar exams
- Argentine police recover Nazi-looted painting spotted in property ad
- In Taiwan, competing narratives over the meaning of China's massive military show
- UN force in Lebanon slams Israeli drone attack on peacekeepers
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
