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://ycyzqzxyh.com
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.
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.
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.
- House suspends DPWH budget deliberations pending submission of changes by agency, DBM
- Earthquake kills 250, injures 500 in Afghanistan
- Pag-IBIG Fund gives occupants 10% discount to legally buy acquired homes
- Wildfire tears through California gold rush town
- Govt monitoring Chinese ‘sleeper agents’ in PH
- Japanese volunteers to PH 'bedrock' of bilateral relations, says envoy
- IBP forms committee on good governance to probe corruption
- Palace suspends govt work, classes in several areas due to bad weather
- Marcos wants subpoena power for body investigating flood projects
- New mining law to balance profit, ecology
