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.
Budget shortfall narrows in July, This news data comes from:http://705-888.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.
- Israel military says controls 40 percent of Gaza City
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
- Kneecap to play Paris concert in defiance of objections
- Israeli forces seize nearly 0,000 in West Bank raid
- Comelec defers BARMM district reconstitution
- Floods kill over 30 in Indian-controlled Kashmir, displace 150,000 in east Pakistan
- 'Blood Moon' to rise during total lunar eclipse Sunday night
- Comelec at 85: Garcia vows reforms to strengthen faith in democracy
- Brawner orders troops: Stop China from boarding BRP Sierra Madre at all costs
- Customs finds only 2 luxury cars at contractor's compound in Pasig
