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://nk-wf-ls-pof.771bg.com
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.
Budget shortfall narrows in July
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.
- Police officers face more charges in missing cockfight enthusiasts case
- 'Perfect storm': UK fishermen reel from octopus invasion
- Marcos orders lifestyle checks on all government officials amid flood control probe
- Former PNP chief Torre III offered new government post
- Macron's decision to recognize Palestinian state angers Israel and the US
- Philippine forces deliver supplies and personnel to disputed South China Sea shoal despite tensions
- Budget shortfall narrows in July
- DICT grants amnesty to unregistered delivery firms
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- Filipino fulfills dream of performing with K-pop group before home fans
