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://erlvyiwan.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.
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.
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.
- Pagasa: Trough of LPA, 'habagat' will bring rain, thunderstorms across PH
- Bersamin letter proves Torre reassignments ‘valid’
- Japan PM Ishiba bounces back in polls after election debacle
- No winner in lotto draws for Aug 30
- National Guard troops begin carrying weapons in US capital
- Nepal to block unregistered social media platforms – govt
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Afghan quake death toll surges to over 2,200
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- Vico encourages citizens on Heroes’ Day to be brave
