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.redcanaco.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.
Budget shortfall narrows in July
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.
- Philippines to launch shame campaign vs traffic violators
- Trump tells Europe to put economic pressure on China over Ukraine
- Labubu fans flock to stores after launch of mini dolls
- Peru’s ex-president Toledo gets a second sentence in the Odebrecht corruption scandal
- Nartatez rules out 'quota' arrests
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- Afghan quake death toll surges to over 2,200
- Lacson: DPWH exec sought ‘insertions’
- Tourists dice with danger on Hanoi's train street
- Read to reduce sentence, Uzbekistan tells prisoners
