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., This news data comes from:http://www.yamato-syokunin.com
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.
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.
Budget shortfall narrows in July
- PH has chance of getting UNSC seat - Manalo
- Kris Aquino is alive, says friend amid reports of death
- Marcos wants subpoena power for body investigating flood projects
- N. Korea test-fires two 'new' air defense missiles
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
- Tourists dice with danger on Hanoi's train street
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- SpaceX scrubs latest Starship launch due to bad weather
- Supreme Court urged to act on fake complaints
- Magnitude 5.1 earthquake rattles Surigao del Sur
