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://www.705-888.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.
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.
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.
- India's Modi seeks closer ties on Asia tour to offset US tariff fallout
- Mass housing developers laud Pag-IBIG Fund
- US warship heading toward Caribbean Sea
- Israel army urges Gaza City residents to leave
- Comelec to resume BARMM polls ballot printing Thursday
- Cebu Pacific to launch direct flights between Cebu and Palawan
- Aid flotilla with Greta Thunberg set to sail for Gaza
- Australia's mushroom murderer faces victims' family in court
- Marcos leads oath taking of new officers of League of Provinces of the Philippines
- Comelec completes ballot printing for Bangsamoro elections despite redistricting dispute
