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://hayyt.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.
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.
- Court orders Immigration to release of Global Ferronickel Chairman Joseph Sy
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Manila Water announces service disruption for over 12K households in Mandaluyong due to leak repair
- 'New' position being offered to Torre — Palace
- DPWH fires Bulacan engineers, blacklists contractors over anomalous projects
- Thai woman jailed for 43 years for lese majeste freed
- 95 IMAGES OF MARY
- Inoue says taunts 'missed the target' ahead of world title clash
- Japan PM decides to quit as opponents seek leadership election: reports
- CBCP president urges Israel to stop military operations in Gaza
