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.ycyzqzxyh.com
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.
- 175th birth anniversary of Marcelo H. Del Pilar commemorated in Manila
- Comelec delays implementation of decision disqualifying Duterte Youth Party-List
- Red Cross head says mass evacuation of Gaza City 'impossible'
- Social pension eyed for indigent seniors
- India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
- Marcos lauds Alex Eala’s win in Guadalajara
- Preliminary report on Lisbon funicular accident expected
- Afghan quake death toll surges to over 2,200
- Russia hits seat of Ukraine government in war's biggest air attack
- DOST, SM Supermalls partner to empower businesses with sustainable practices
