MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday., This news data comes from:http://luoapv.705-888.com
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.
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.
- Taiwan, China locked in historical word war
- China 'unstoppable', says Xi with Kim, Putin at his side
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- New DPWH chief Dizon: "A department can't investigate itself"
- India's Modi meets Japan's Ishiba as he begins Asia tour
- New Quezon City judge to oversee Dengvaxia vaccine cases, sets hearing
- Lacson clears air over conflict with Marcoleta on flood control probe
- Over 800 killed as quake rocks Afghanistan
- MMDA proposes rainwater facilities in Camp Aguinaldo to mitigate EDSA flooding
- Lone bettor wins P86M in 6/42 lotto draw for Sept 6
