MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday., This news data comes from:http://www.ycyzqzxyh.com
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.
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
- Philippines to work more closely with US amid regional challenges
- Islamic State claims deadly attack on Pakistan rally
- Corruption crackdown: VP Sara Duterte, lawmakers call for deeper probe into government
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
- Marcos willing to submit to a lifestyle check
- Comelec completes ballot printing for Bangsamoro elections despite redistricting dispute
- Filipino fulfills dream of performing with K-pop group before home fans
- House resolution filed to investigate 'funders' of anomalous projects
- PH, Cambodia business execs urged to boost partnership
