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://www.705-888.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.
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.
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- SEARCH WARRANT
- DPWH seeks lookout bulletin vs officials, contractors in ghost projects
- 40% of Filipinos are now obese, says Health expert
- Filipino fulfills dream of performing with K-pop group before home fans
- Oil firms to raise fuel prices this week
- DOE issues circular to consolidate electric vehicle recognition guidelines
- Labubu fans flock to stores after launch of mini dolls
- Manila marks National Heroes Day with job fair
- Trump: Many Americans ‘like a dictator’
