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., This news data comes from:http://www.xs888999.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.
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.
- New Zealand to allow some wealthy foreign investors onto property market
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- Mexican boxer Chavez Jr. released from prison pending trial
- Laws signed on holidays, court branches
- SSS hails Marcos, Recto for initiating pension reforms, including one to be rolled out in Sept
- PH has chance of getting UNSC seat - Manalo
- NKorea could produce ten to twenty nukes per year — SKorea leader
- US Spirit Airlines files for bankruptcy again
- Comelec defers BARMM district reconstitution
- PH to see ‘blood moon’ Sept. 7-8
