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://www.gangzhifhm.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.
Budget shortfall narrows in July
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.
- MMDA readies for FIVB men’s volleyball
- Modi, Ishiba agree to boost economic ties
- 1.2K pass Electrical Engineers exam
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- DICT grants amnesty to unregistered delivery firms
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
- 'Large shark' kills man off Sydney beach
- No peace without end to hostilities –Arab bloc
- Duterte lawyers take aim at ICC prosecutor
- DPWH to revisit budget, to complete revisions within 2 weeks
