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://jyxingfa.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.
- Venezuela deploys warships, drones as US destroyers draw near
- Aftershocks rumble quake-hit Afghanistan as death toll tops 1,400
- Artikulo Onse' group calls for independent panel to probe flood control corruption
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- Marcos orders lifestyle check on all govt officials amid flood projects probe
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- A summit and parade in China may signal a geopolitical shift
- Shooting of Indonesian diplomat in Peru investigated as a contract killing
- 20 people missing after deadly Indonesia protests
