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.771bg.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.
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
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Protesters storm Discaya compound for second straight day
- House justice panel to probe US' extradition request for Quiboloy
- Comelec probes 15 contractors for illegal campaign donations
- Pangilinan urges Marcos Jr. to prioritize bill aiding farmers, fishermen
- Thousands protest in Indonesia as military deployed in capital
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- PH Army showcases disaster response capabilities before Thai defense officials
- 3 Luzon dams release water
- Palace hits Discayas over ‘misinformation’ on PH film center project
