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.
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., This news data comes from:http://otqk.xs888999.com
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.
- India's Modi meets Japan's Ishiba as he begins Asia tour
- Supreme Court urged to act on fake complaints
- Australia's 'mushroom murderer' handed life in prison with parole
- 'Pink and green' protests call for a reset in Indonesia
- Thai opposition holds kingmaking summit deciding new PM
- COA flags fraud in P342M Bulacan flood control projects
- Philippines to launch shame campaign vs traffic violators
- Kris Aquino is alive, says friend amid reports of death
- South Korea to ban mobile phones in school classrooms
- Catholic, Greek Orthodox clergy to stay in Gaza City to help weakest
