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.
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.
- Israel military says controls 40 percent of Gaza City
- DFA: No US extradition request for Quiboloy
- Oil firms to raise pump prices Tuesday
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- Tourists dice with danger on Hanoi's train street
- 'New' position being offered to Torre — Palace
- 2,000 North Korean troops killed in Russia deployment: Seoul spy agency
- 1 of 2 suspects in Pasay robbery, rape arrested
- Mob burns Nigerian woman to death over Islam blasphemy claim — police
- Dizon to order DPWH officials to submit courtesy resignation
