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.
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, This news data comes from:http://xs888999.com
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.
- France seized by fears of new political crisis
- Red Cross head says mass evacuation of Gaza City 'impossible'
- India to develop fighter jet engines with French company
- Vietnam marks 80th independence anniversary with huge parade
- ChatGPT to get parental controls after teen's death
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- Japan pledges continued support for Philippine development projects
- Actress Angel Aquino victim of 'deepfake,' seeks prosecution of perpetrators of cyber pornography
- MPD announces road closures for Bar exams
- Inoue says taunts 'missed the target' ahead of world title clash
