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
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://yamato-syokunin.com
Budget shortfall narrows in July
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.
- Remulla pledges transparency and impartiality as Ombudsman
- SC clarifies rules on land ownership
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- Robinsons to build 9-story office building in Davao City
- Tensions soar in Indonesia as protests over police brutality and lawmakers' allowances continue
- Maduro calls for dialogue hours after Trump’s threat
- BuCor chief calls for major reforms
- Marcos names acting Ombudsman
- EU massive fine against Google draws Trump threat
- Vietnam marks 80th independence anniversary with huge parade
