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, This news data comes from:http://www.gangzhifhm.com
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.
- President Marcos launches HD Hyundai Shipyard in Subic
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- Sen. Hontiveros pushes for Philippine Geriatric Center to aid seniors
- 4 policemen linked to sabungero case slapped with more administrative cases
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
- 20 people missing after deadly Indonesia protests
- Thai opposition holds kingmaking summit deciding new PM
- Russia hits seat of Ukraine government in war's biggest air attack
- Drug war victims’ groups slam postponement of ICC hearing on Duterte
- NKorea could produce ten to twenty nukes per year — SKorea leader
