MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July
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://mrsj-xt-klfp-tm.705-888.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.
- Marcos sacks PNP Chief Torre, saying it was 'difficult but necessary'
- Palace slams Discaya couple's denial in Film Heritage Building debacle
- ‘40% of Filipinos obese’
- ChatGPT to get parental controls after teen's death
- Philippines calls for Gaza ceasefire amid humanitarian crisis
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- Legarda pushes Magna Carta of Waste Workers
- SEARCH WARRANT
- Australia's 'mushroom murderer' handed life in prison with parole
- DPWH exec fired, 2 others face dismissal over flood control mess
