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., This news data comes from:http://jyxingfa.com
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.
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.
- North Korea's Kim oversees ICBM engine test — state media
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- 1 in 4 people lack access to safe drinking water — UN
- PNP disputes China's crime advisory, says Philippines crime rate dropped
- Vietnam marks 80th independence anniversary with huge parade
- MMDA readies for FIVB men’s volleyball
- Ukraine says Russia linked to lawmaker's killing
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
- Venezuela deploys warships, drones as US destroyers draw near
