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.
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., This news data comes from:http://phuv.052298.com
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
- Thai tycoon takes office as PM after royal endorsement
- NKorea's Kim tells Xi hopes to 'steadily develop' ties – KCNA
- Modi reaffirms India's support for Ukraine peace settlement during call with Zelenskyy
- SSS rolls out historic pension reform program
- Macron says 26 countries pledge troops as a reassurance force for Ukraine after war ends
- Protesters storm Discaya compound, Sotto calls for calm
- Nepal to block unregistered social media platforms – govt
- North Korea's Kim Jong Un travels to Beijing to watch military parade alongside Putin, Xi Jinping
- AI, thinner iPhones likely stars of Apple 'Awe Dropping' event
- 20 people missing after deadly Indonesia protests
