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://ktlt.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.
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.
- Israel flattens high-rise as it tells Gaza City residents to flee
- Napolcom confirms Lt. Gen. Nartatez as acting PNP chief
- 3 Luzon dams release water
- Xi and Putin round on West at regional summit in China
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- Thai PM Paetongtarn Shinawatra sacked; new turmoil feared
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- What to know about Indonesia's nationwide unrest over lawmakers' perks
- Former president Duterte's health stable despite high blood sugar, says VP Sara
