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://ycyzqzxyh.com
- Palace rejects China's 'troublemaker' tag
- Macron's decision to recognize Palestinian state angers Israel and the US
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- Anti-fake news bill filed anew in House
- Chinese bridge collapse kills at least 12 construction workers
- Pope Leo: We must listen first before speaking
- Marcos to mark ‘Thrilla In Manila’ 50th anniversary
- PH, Japan conduct search and rescue exercises
- Trump: Many Americans ‘like a dictator’
- MMDA unveils plan to build rainwater impounding facilities in Camp Aguinaldo
