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.
Budget shortfall narrows in July
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., This news data comes from:http://www.jyxingfa.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.
- Marcos to attend UN meet in New York in Sept- Palace
- 15 drug war victims cleared to join Duterte's ICC case
- Japan accelerates missile deployment amid rising regional tensions
- Indonesian finance minister's home looted as protest anger grows
- Macron's decision to recognize Palestinian state angers Israel and the US
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
- China is showing off its weaponry in a tightly controlled military parade
- Comelec upholds cancelation of Duterte Youth registration
- 17 House lawmakers press Marcos administration to raise WPS issue to UN
- Red Cross head says mass evacuation of Gaza City 'impossible'
