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://xoe-hobv-ki-lvbo.yamato-syokunin.com
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.
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.
- 'Strangest' dinosaur covered in spiked armory – scientists
- National Guard troops begin carrying weapons in US capital
- New law lets foreigner investors lease land for 99 years
- Sen. Pangilinan Advocates for Credit-Worthy Farmers to Boost Agriculture Sector
- MMDA unveils plan to build rainwater impounding facilities in Camp Aguinaldo
- Marikina City chief of police relieved
- Maduro calls for dialogue hours after Trump’s threat
- Catholic, Greek Orthodox clergy to stay in Gaza City to help weakest
- AKG chief denies using ‘kidnap’ car for personal purposes
- President Marcos commits to boosting PH digital infrastructure
