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://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.
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.
- Makati earns high rating in anti-trafficking and violence assessment
- Students, faculty file complaint against Universidad de Manila president
- Co out of country for medical reasons
- President asks governor to expose irregularities in govt projects
- Nartatez vows to be fair in making reassignments
- DOTr denies ordering shutdown of online selling platforms
- France seized by fears of new political crisis
- A summit and parade in China may signal a geopolitical shift
- DOJ indicts Abra Mining for fraudulent trading
- OVP ready to submit to lifestyle check if ordered, no word from Sara
