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://www.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.
- China to bolster non-Western alliances at summit, parade
- House committee subpoenas Sarah Discaya, 4 other contractors over flood control project anomalies
- Eala ousts Day, enters Guadalajara Open final
- Pagasa sees cyclone-free week across PH
- House bill seeks to regulate AI use
- Philippine experts urge harm reduction strategy for tobacco control
- Israeli strikes in Yemen's capital kill six, Houthis say
- Marcos orders lifestyle checks on all government officials amid flood control probe
- Trump stamps 'dictator chic' on Washington
- Bureau of Customs seeks missing luxury cars of contractor Sarah Discaya
