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.
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., This news data comes from:http://nbr.xs888999.com
Budget shortfall narrows in July
- US church shooter 'obsessed with idea of killing children'
- Marcos opens Hyundai's shipyard in PH
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
- Thai PM Paetongtarn Shinawatra sacked; new turmoil feared
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- US appeals court finds Trump's global tariffs illegal
- PH to see ‘blood moon’ Sept. 7-8
- Mexican drug lord faces life in prison after pleading guilty in US court
- Batangas engineer suspended after alleged bribery attempt on congressman Leviste
- Putin and Modi in China for summit hosted by Xi
