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.052298.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.
- Japan pledges continued support for Philippine development projects
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- Maduro calls for dialogue hours after Trump’s threat
- Construction managers, developers back Housing chief's anti-corruption advocacy
- Trump stamps 'dictator chic' on Washington
- Indonesian finance minister's home looted as protest anger grows
- Thailand's Parliament to vote Friday for a new prime minister
- Afghan quake death toll surges to over 2,200
- ICC postpones Duterte's hearing, reviews fitness to stand trial
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
