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://052298.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
- Duterte’s defense team outlines ICC strategy
- Lacson clears air over conflict with Marcoleta on flood control probe
- Marcos suspends importation of regular, well-milled rice for 60 days
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- US Spirit Airlines files for bankruptcy again
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Marcos to create independent commission to investigate flood control anomalies
- White House fires US health agency head after she refused to quit
- Over 800 killed as quake rocks Afghanistan
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
