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://bnblbafy.xs888999.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.
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.
Budget shortfall narrows in July
- Comelec probes 15 contractors for illegal campaign donations
- Taiwan: China illegally deploying oil rigs in its waters
- Vico encourages citizens on Heroes’ Day to be brave
- Group: Register for free PhilHealth medicines
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- Chinese warships shadow Philippine, Australian, Canadian drills in Zambales
- Trump move to cut more foreign aid risking shutdown
- SpaceX cancels Starship megarocket launch in latest setback
- DPWH exec fired, 2 others face dismissal over flood control mess
