MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July, This news data comes from:http://www.xs888999.com
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.
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.
- Australia's mushroom murderer faces victims' family in court
- Van Gogh Museum 'could close' without more help from Dutch govt
- LTO told to summon 2 DPWH engineers with fake driver’s license
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
- Read to reduce sentence, Uzbekistan tells prisoners
- Customs recovers 10 more Discaya luxury cars
- BuCor chief calls for major reforms
- Indonesia protests put spotlight on paramilitary police force
- Dial 911: New nationwide emergency hotline to go live on Sept. 11
- Ukraine drone attacks spark fires at Russia's Kursk nuclear plant, Novatek's Ust-Luga terminal.
