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.
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., This news data comes from:http://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.
- Leviste files charges against DPWH engineer who tried to bribe him
- Marcos mum on Magalong joining independent commission for DPWH probe
- Lacson clears air over conflict with Marcoleta on flood control probe
- Afghanistan earthquake kills more than 800
- Plea written in blood saves Chinese woman trapped in locked room
- More funding sought for sports commission
- South Korea to ban mobile phones in school classrooms
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- House resumes budget briefings
- Bishops demand broad probe into flood project corruption
