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://idsyke.xs888999.com
Budget shortfall narrows in July
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.
- US appeals court finds Trump's global tariffs illegal
- White House fires US health agency head after she refused to quit
- Konektadong Pinoy Bill has lapsed into law — Palace
- Nartatez rules out 'quota' arrests
- Ballots for oct 13 BARMM polls completed – Comelec
- Chinese warships shadow Philippine, Australian, Canadian drills in Zambales
- Israel launches new spy satellite in 'message' to enemies
- PH Army showcases disaster response capabilities before Thai defense officials
- Indonesia protests put spotlight on paramilitary police force
- Iran says open to US nuclear talks, rejects missile curbs
