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://ycyzqzxyh.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.
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.
Budget shortfall narrows in July
- Nartatez vows to be fair in making reassignments
- President Marcos launches HD Hyundai Shipyard in Subic
- Comelec defers BARMM district reconstitution
- Roxas matriarch, 91
- Vatican puts Pope Francis' ecological preaching into practice with vocational farm center
- 'God's Influencer' to become first millennial saint
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
- Duterte defense files more motions challenging ICC prosecutor
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Philippines to work more closely with US amid regional challenges
