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://lrj-bt-dvgq-slw.xs888999.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.
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.
Budget shortfall narrows in July
- Cambodia MPs pass law allowing stripping of citizenship
- Pagasa sees two to four tropical cyclones hitting Philippines in September
- Customs recovers 10 more Discaya luxury cars
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- Trump tells Europe to put economic pressure on China over Ukraine
- Navotas inks deal for school feeding project
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- LPA off Leyte has low chance of becoming cyclone within 24 hours —Pagasa
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- Trump moves to limit US stays of students, journalists
