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://705-888.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.
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.
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- Drug war whistleblower Royina Garma returns to PH after US detention
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- Maduro hits ‘illegal’ US troops deployment
- Meeting South Korea, Trump could eye new chance with North
- 'Large shark' kills man off Sydney beach
- 40% of Filipinos are now obese, says Health expert
- Prince Harry to visit UK on anniversary of queen's death
- Hope dwindles for survivors days after deadly Afghan quake
