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., This news data comes from:http://ycyzqzxyh.com
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
- China's Communist rulers push party role before World War II anniversary
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- Putin lands in Tianjin for summit hosted by China
- Vico encourages citizens on Heroes’ Day to be brave
- Afghanistan earthquake kills more than 800
- DoJ to begin preliminary investigation into missing cockfighting enthusiasts
- Tokyo protests to Beijing over gas field in East China Sea
- Indonesia leader orders investigation into driver's protest death
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
