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., This news data comes from:http://nsxy.erlvyiwan.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.
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.
- ICC wants Garma to testify in Duterte case
- Australia's 'mushroom murderer' handed life in prison with parole
- Thailand's Parliament to vote Friday for a new prime minister
- Five journalists among 20 killed in Israeli strikes on Gaza hospital
- UK, Japan, South Korea endure hottest summer on record
- Van Gogh Museum 'could close' without more help from Dutch govt
- Go seeks more support for Filipino athletes
- Pope declares 'God's influencer' first millennial saint
- No peace without end to hostilities –Arab bloc
- Thailand's former Prime Minister Thaksin makes surprise departure ahead of a risky court ruling
