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://redcanaco.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.
Budget shortfall narrows in July
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.
- The rot goes deep: Marcos decries decades-old corruption
- China is showing off its weaponry in a tightly controlled military parade
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- North Korea's Kim oversees ICBM engine test: state media
- 95 IMAGES OF MARY
- Sotto to Lead Senate again as majority votes to oust Escudero
- Thai opposition holds kingmaking summit deciding new PM
- ‘God’s Influencer’ to become first millennial saint
- Escudero subpoenaes 10 DPWH contractors for Senate probe next week
- House probe tackles flood control corruption: Lawmakers disclose conflicts of interest
