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.
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., This news data comes from:http://www.052298.com
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.
- Xi and Putin reaffirm 'old friend' ties in the face of US challenges
- Eala ousts Day, enters Guadalajara Open final
- Pag-IBIG Fund gives occupants 10% discount to legally buy acquired homes
- DBP to be honored at inaugural Manila Times Sustainability Awards
- PH to see ‘blood moon’ Sept. 7-8
- Google to obey South Korean order to blur satellite images on maps
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- Comelec probes 15 contractors for illegal campaign donations
- PH economic losses hit 100B from corruption in flood control projects
