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.
Budget shortfall narrows in July, This news data comes from:http://uo.ycyzqzxyh.com
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
- N. Korea test-fires two 'new' air defense missiles
- Malacañang calls plot to jail VP Duterte 'wild imagination'
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- ‘Large shark’ kills man off Sydney beach
- Mob burns Nigerian woman to death over Islam blasphemy claim — police
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Vietnam marks 80th independence anniversary with huge parade
- US appeals court blocks Trump's use of wartime law for deportations
- Xi meets Modi as China and India seek to rebuild ties
- Suspect in 2012 killing of Dutch aid worker freed
