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.
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://wxi-wcgq-wwuq-or.erlvyiwan.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
- Israeli strikes in Yemen's capital kill six, Houthis say
- Seoul says over 300 South Koreans held in US battery plant site raid
- Bonoan resigned due to command responsibility — Marcos
- 2 Marikina policemen accused of molestation
- Marcos opens WorldSkills Asean competition
- Thailand ruling party moves to dissolve parliament
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- Thai cannabis-championing tycoon takes office as PM
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Lacson to Marcoleta: I don’t want a fight but I won’t back down from one
