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.
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., This news data comes from:http://afiex.erlvyiwan.com
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.
- Japan PM decides to quit as opponents seek leadership election
- Hontiveros urges probe on Chinese faking Filipino identity
- COA flags fraud in P342M Bulacan flood control projects
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- North Korean leader inspects new missile factory ahead of visit to China
- Fire breaks out in Manila residential area
- Sara Discaya admits owning 28 luxury cars
- In Taiwan, competing narratives over the meaning of China's massive military show
- 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
- White House fires US health agency head after she refused to quit
