MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday., This news data comes from:http://www.771bg.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.
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.
Budget shortfall narrows in July
- Japan govt seeks to triple spending on drones
- Bonoan resigns, Dizon named DPWH chief
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- Chinese research vessel spotted near Philippine coast but 'goes dark' after, says maritime expert
- MMDA asks LTO to sanction motorist in altercation with traffic enforcer in San Juan
- Marcos confers diplomatic merit award on two ambassadors
- Lacson to Marcoleta: I don’t want a fight but I won’t back down from one
- Thai woman jailed for 43 years for lese majeste freed
- House committee subpoenas Sarah Discaya, 4 other contractors over flood control project anomalies
- Earthquake kills 250, injures 500 in Afghanistan
