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., This news data comes from:http://intq-gq-kxq-pd.redcanaco.com
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.
- Palace rejects China's 'troublemaker' tag
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- 95 IMAGES OF MARY
- Read to reduce sentence, Uzbekistan tells prisoners
- No winner in lotto draws for Aug 30
- Sarah Discaya grilled by Senate over alleged DPWH links
- A summit and parade in China may signal a geopolitical shift
- Duterte’s defense team outlines ICC strategy
- Prince Harry to visit UK on anniversary of queen's death
- BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
