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://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.
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.
Budget shortfall narrows in July
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.
- 4 policemen linked to sabungero case slapped with more administrative cases
- Cambodia MPs pass law allowing stripping of citizenship
- Thailand's suspended prime minister testifies over phone call that could get her booted from job
- PH, Australia hold live fire drills during ALON 2025 in Nueva Ecija
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- Wawao Builders exec ‘not sure’ if company has flood control project in Bulacan
- ERC amends net-metering rules to expand renewable energy options
- India walks back order to clear Delhi of stray dogs
- Japanese city proposes 2-hour daily smartphone limit
- China races to build world’s largest solar farm
