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., This news data comes from:http://ox.ycyzqzxyh.com
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.
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.
- Thailand's ex-PM Thaksin acquitted in royal insult case
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- NATIONAL ARTIST'S HOMETOWN
- House starts flood control probe
- Unnamed skeletons? US museum at center of ethical debate
- Japan govt seeks to triple spending on drones
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
- Marcos wants subpoena power for body investigating flood projects
- Youth group asks SC to stop postponement of SK polls, cites age-limit concerns
- Israel ups pressure on Gaza City as Trump talks post-war plan
