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.
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., This news data comes from:http://ycyzqzxyh.com
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
- ‘New NBI chief must be career official’
- Bersamin letter proves Torre reassignments ‘valid’
- Hontiveros wants Senate to probe Chinese who pretended to be Filipino
- Rubio says US warned France on Israel annexation moves
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- Indonesia protests put spotlight on paramilitary police force
- PH Defense chief slammed for 'bad mouthing' China
- Thailand’s next PM reaffirms fresh polls promise
- Pag-IBIG Fund gives occupants 10% discount to legally buy acquired homes
