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
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://705-888.com
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.
- Nartatez vows fair assignments, better resource management as new PNP chief
- Thailand ruling party moves to dissolve parliament
- Villanueva: Regularize contractual govt workers
- Thailand's former Prime Minister Thaksin makes surprise departure ahead of a risky court ruling
- Israel military says controls 40 percent of Gaza City
- Mayor Sotto slams Discayas, cites lies, ghost firms, and kickback allegations
- No peace without end to hostilities –Arab bloc
- Sotto files bill to amend party-list system
- Trump escalates crackdown threats with Chicago 'war' warning
- India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
