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://nx.xs888999.com
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.
- 95 IMAGES OF MARY
- Sen. Go calls for round-the-clock DFA support for OFWs welfare
- Nepal to block unregistered social media platforms – govt
- Nepali court: Hindu holy men's nudity not obscene
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- Thai Court: PM Shinawatra violated ethics rules
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- Social media erupts: Politicians' children face backlash for flaunting wealth
- House probe tackles flood control corruption: Lawmakers disclose conflicts of interest
- 17 House lawmakers press Marcos administration to raise WPS issue to UN
