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., This news data comes from:http://705-888.com
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.
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
- Portugal mourns after Lisbon streetcar accident kills 15
- Fire breaks out in Manila residential area
- SC clarifies rules on land ownership
- PH Army showcases disaster response capabilities before Thai defense officials
- SC orders comment on petitions vs polls
- House bill seeks to regulate AI use
- Thailand’s next PM reaffirms fresh polls promise
- DILG suspends classes, gov’t work in 17 areas
- Macron rushes to find new French PM
