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://vxaj-xn-jt-tew.erlvyiwan.com
Budget shortfall narrows in July
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.
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.
- 1 of 2 suspects in Pasay robbery, rape arrested
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- NATO members to reach 2% defense spending goal this year
- Marcos 'ready' to undergo lifestyle check- Palace
- Sotto willing to testify in Senate probe of flood control anomalies if summoned
- Gaps in healthcare services remain - study
- Planning via ‘gender lens’ to make cities more inclusive — expert
- Hope dwindles for survivors days after deadly Afghan quake
- Cusi charged over Malampaya deal
- 'New' position being offered to Torre — Palace
