MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July
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://kblrojke.jyxingfa.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.
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.
- No peace without end to hostilities –Arab bloc
- Nepali court: Hindu holy men's nudity not obscene
- Go seeks more support for Filipino athletes
- Pagasa sees cyclone-free week across PH
- Navotas inks deal for school feeding project
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
- Palestinian Embassy echoes PH appeal for ceasefire in Gaza
- Tourists dice with danger on Hanoi's train street
- Vietnam evacuates thousands ahead of Typhoon Kajiki
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
