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.
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.
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., This news data comes from:http://jyxingfa.com
- Discaya’s construction companies competed against each other during biddings
- Modi and Putin affirm special relationship as India faces steep US tariffs over Russian oil imports
- New judge to handle Dengvaxia cases named; hearing set
- Manila mayor warns against mobs, orders police to maintain peace and order
- Passenger with fake Overseas Employment Certificate barred from leaving
- 'No way' US troops can invade Venezuela, says Maduro
- LTO summons driver who berated MMDA enforcer
- Israeli army: Gaza City now 'a dangerous combat zone'
- Marcos leads oath taking of new officers of League of Provinces of the Philippines
- Catholic, Greek Orthodox clergy to stay in Gaza City to help weakest
