MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July
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.
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://redcanaco.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.
- Japan PM Ishiba bounces back in polls after election debacle
- Thai opposition's kingmaking summit fails to back new PM
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- Isko Moreno files charges against contractor over illegal demolition of sports complex in Manila
- Indonesia hosts annual US-led combat drills with Indo-Pacific allies
- Japanese climber, 102, sets Mount Fuji record
- Indonesia leader orders investigation into driver's protest death
- 13 massage therapists robbed, 2 cry rape
- Marcos inspects rock shed project in Benguet
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
