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://aichuwei.com
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.
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.
- Nartatez vows fair assignments, better resource management as new PNP chief
- Hopes dim for Putin-Zelenskyy peace summit
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Pasig fire kills child, injures mother as she tries to save him
- Government work, classes on Tuesday suspended due to bad weather
- Former Bulacan district engineer admits going to casinos
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- Comelec at 85: Garcia vows reforms to strengthen faith in democracy
- Sara’s claims that corruption probe could be done in one day 'absolutely preposterous' – Palace
