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.
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://ov.xs888999.com
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.
- Corruption crackdown: VP Sara Duterte, lawmakers call for deeper probe into government
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- Taiwan, China locked in historical word war
- Canada removing tariffs on US goods compliant with free trade deal
- SpaceX cancels Starship megarocket launch
- New mining law to balance profit, ecology
- Co out of country for medical reasons
- Thousands protest in Indonesia as military deployed in capital
- Anti-fake news bill filed anew in House
- Israel army urges Gaza City residents to leave
