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://nqy-ponp-qs-wawi.771bg.com
Budget shortfall narrows in July
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.
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Malacañang hits back at VP Duterte's criticism on flood scam probe
- Rep. Tiangco reveals P17B flood control allocations linked to former appropriations chairman Rep. Zaldy Co
- Israeli forces seize nearly 0,000 in West Bank raid
- Comelec defers BARMM district reconstitution
- Taiwan: China illegally deploying oil rigs in our waters
- Putin vows not to back down in Ukraine
- Manila mayor warns against mobs, orders police to maintain peace and order
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
