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.771bg.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.
Budget shortfall narrows in July
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.
- Need to pee? Japan has QR code for that
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- Lacson: Torre 'acted beyond his authority'
- PH Navy spots 20 Chinese ships near BRP Sierra Madre
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Japan prince comes of age as succession crisis looms
- Comelec probes 15 contractors for illegal campaign donations
- 175th birth anniversary of Marcelo H. Del Pilar commemorated in Manila
- Bureau of Customs seeks missing luxury cars of contractor Sarah Discaya
- Mexican boxer Chavez Jr. released from prison pending trial
