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://gyglfs.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.
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.
- LPA over West PH Sea develops into tropical depression, now called ‘Jacinto’ -- Pagasa
- Marcos signs laws declaring holidays across PH
- Sen. Go calls for round-the-clock DFA support for OFWs welfare
- Marcos wants subpoena power for body investigating flood projects
- Can a giant seawall save Indonesia's disappearing coast?
- Israel expects 1 million Gazans to flee new offensive
- NKorea could produce ten to twenty nukes per year — SKorea leader
- No winner in lotto draws for Aug 28
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- Passenger with fake Overseas Employment Certificate barred from leaving
