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://ronx-mcuj-li-tcjg.771bg.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.
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Anutin elected as Thailand's new prime minister
- Suspect in 2012 killing of Dutch aid worker freed
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- Filipino fulfills dream of performing with K-pop group before home fans
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Discaya companies' licenses revoked for bid-rigging
- Marcos sacks PNP Chief Torre, saying it was 'difficult but necessary'
- Thai PM Paetongtarn Shinawatra sacked; new turmoil feared
- SC orders comment on petitions vs polls
