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.jyxingfa.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.
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.
Budget shortfall narrows in July
- US and European officials meet to discuss new sanctions on Russia
- Retired NBI agents urge Marcos to appoint career official to replace Santiago
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
- PH Navy spots 20 Chinese ships near BRP Sierra Madre
- Cebu Pacific to launch direct flights between Cebu and Palawan
- MMDA prepares for PH hosting of FIVB
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- Angkas supports DICT's amnesty program for unregistered delivery services
- Marcos soon to create commission to probe flood control projects
- The rot goes deep: Marcos decries decades-old corruption
