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.
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., This news data comes from:http://gangzhifhm.com
Budget shortfall narrows in July
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.
- Putin vows not to back down in Ukraine
- DICT grants amnesty to unregistered delivery firms
- Rubio says US warned France on Israel annexation moves
- Makati distributes Blu Card cash aid
- Social pension eyed for indigent seniors
- Marcos to create independent commission to investigate flood control anomalies
- Eight towns in Cotabato cancel classes on Monday
- Open mic caught Xi, Putin discussing immortality
- PH, Japan conduct search and rescue exercises
- Comelec delays implementation of decision disqualifying Duterte Youth Party-List
