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://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.
- ALPAS Consultancy bags five awards in Philippine Quill debut
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- Customs preparing report on Discayas’ 28 luxury cars
- House suspends DPWH budget deliberations pending submission of changes by agency, DBM
- Mexican senators come to blows after heated debate
- US senators to reinforce 'partnership' with Taiwan
- Globe: Mobile data helps drive national progress
- Sara says govt corruption probe a 'zarzuela,' plans to meet Robredo im Bicol festival
- DSWD allocates P6.2B for livelihood program
- Thailand set for vote on new PM after dissolution bid rejected
