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://cmui.771bg.com
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.
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.
- Searchers retrieve bodies as Afghan quake toll seen to rise
- SSS rolls out historic pension reform program
- Marcos to youth: Help in nation-building
- Lacson to govt: Protect education budget
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- Supreme Court urged to act on fake complaints
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
- Vietnam marks 80th independence anniversary with huge parade
- Eala ousts Day, enters Guadalajara Open final
- China's Xi holds talks with North Korea's Kim in Beijing
