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., This news data comes from:http://vnrwkco.705-888.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.
Budget shortfall narrows in July
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
- In Taiwan, competing narratives over the meaning of China's massive military show
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- Trump: Many Americans ‘like a dictator’
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- Giovanni Lopez pledges to continue and expand DOTr reforms
- What to know about Indonesia's nationwide unrest over lawmakers' perks
- Vietnam marks 80th independence anniversary with huge parade
- Lacson: DPWH exec sought ‘insertions’
- Need to pee? Japan has QR code for that
