MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July
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://705-888.com
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.
- Trump: Many Americans ‘like a dictator’
- DSWD program reduced hunger
- Tokyo logs record 10 days of 35 C or higher
- Marcos mum on Magalong joining independent commission for DPWH probe
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- 500 Internal Server Error
- Dizon asks DOJ to issue immigration lookout bulletin to 26 DPWH officials and contractors
- Follow the trucks: Why investors are looking south of Metro Manila
- No winner in lotto draws for Aug 30
