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.
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., This news data comes from:http://052298.com
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.
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- Pagasa: Rainy Monday over Visayas, Luzon areas due to LPA, 'habagat'
- House bill seeks to regulate AI use
- Australia expels Iran ambassador over antisemitic attacks
- 'Strangest' dinosaur covered in spiked armory — Scientists
- Indonesian police officer fired over killing that sparked protests
- Unnamed skeletons? US museum at center of ethical debate
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
- Chinese tourist city Sanya shuts down as typhoon intensifies
- Palace rejects Sara's offer of 'free advice' on flood solutions, says to give it to 'Mayor Baste' instead
