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://nminrf.xs888999.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.
- Canada removing tariffs on US goods compliant with free trade deal
- Vico encourages citizens on Heroes’ Day to be brave
- Prince Harry to visit UK on anniversary of queen's death
- Trump tells Europe to put economic pressure on China over Ukraine
- Government work, classes on Tuesday suspended due to bad weather
- Labubu fans flock to stores after launch of mini dolls
- 102-year-old becomes oldest person to summit Mount Fuji
- SKorea’s Lee in Tokyo to show friendship
- 2 Marikina policemen accused of molestation
- Washington makes military aid overtures to Sahel juntas
