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://www.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.
Budget shortfall narrows in July
- Police brutality fuels soaring tensions in Indonesia
- Fears of new political crisis grip France
- Pump prices increase for 2nd straight week
- Thailand’s next PM reaffirms fresh polls promise
- Aftershocks rumble quake-hit Afghanistan as death toll tops 1,400
- Alice Guo faces new cases over POGO land
- Makati earns high rating in anti-trafficking and violence assessment
- ERC amends net-metering rules to expand renewable energy options
- PNP chief Torre relieved, Nartatez to take over
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
