MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday., This news data comes from:http://hgtxb.xs888999.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.
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.
Budget shortfall narrows in July
- Bonoan resigns, Dizon named DPWH chief
- Ballots for oct 13 BARMM polls completed – Comelec
- Manila mayor warns against mobs, orders police to maintain peace and order
- International media protest over journalist deaths in Gaza
- 2,000 North Korean troops killed in Russia deployment: Seoul spy agency
- PNP chief Torre relieved from post — Palace
- Thailand's Parliament to vote Friday for a new prime minister
- Marcos mum on Magalong joining independent commission for DPWH probe
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Govt debt swells to record P17.58T
