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., This news data comes from:http://www.ycyzqzxyh.com
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.
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.
- One in four people lack access to safe drinking water – UN
- Pope Leo: We must listen first before speaking
- Japanese volunteers to PH 'bedrock' of bilateral relations, says envoy
- Eight towns in Cotabato cancel classes on Monday
- Berlin urges Israel to 'immediately' improve humanitarian conditions in Gaza
- ALPAS Consultancy bags five awards in Philippine Quill debut
- DPWH fires Bulacan engineers, blacklists contractors over anomalous projects
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- Public Works chief to press criminal charges against Bulacan engineer
- 'Blood Moon' to rise during total lunar eclipse Sunday night
