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://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.
Budget shortfall narrows in July
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.
- Malabon averts crisis with garbage deal
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- New mining law to balance profit, ecology
- Court rules on subdivision open spaces, road lots
- New judge to handle Dengvaxia cases named; hearing set
- Read to reduce sentence, Uzbekistan tells prisoners
- US agents arrest 475 in Hyundai-LG plant raid
- Mexican boxer Chavez Jr. released from prison pending trial
- PNP chief supports lowering age of discernment
- Pagasa: Rainy Monday over Visayas, Luzon areas due to LPA, 'habagat'
