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., This news data comes from:http://771bg.com
Budget shortfall narrows in July
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.
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.
- In Taiwan, competing narratives over the meaning of China's massive military show
- No winner in Ultra, Megalotto draws for Sept 5
- Australia expels Iran ambassador over antisemitic attacks
- Immigration deports 49 South Korean fugitives
- Sara’s claims that corruption probe could be done in one day 'absolutely preposterous' – Palace
- No winner in lotto draws for Aug 30
- India to probe giant zoo run by son of Asia's richest person
- Marcos signs law giving 99-year land lease to foreign investors
- Lacson seeks probe of 2 PH contractors' board members for conflict of interest
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
