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://yvda-la-aw-ovy.xs888999.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.
- Trump plans a hefty tax on imported drugs, risking higher prices and shortages
- Police officers face more charges in missing cockfight enthusiasts case
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- PH Construction Board asked to address 'accreditation for sale' scandal
- Hawaii's Kilauea volcano erupts with lava pouring out from multiple vents
- 2,000 North Korean troops killed in Russia deployment: Seoul spy agency
- WBO champ looms as Pacquiao’s next opponent
- 2028 polls overseas voter registration opens in Dec
- Duterte’s defense team outlines ICC strategy
- DSWD's guarantee letters now accepted in more establishments
