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., This news data comes from:http://www.aichuwei.com
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.
Budget shortfall narrows in July
- Gasoline, diesel price hikes seen next week
- Five journalists among 20 killed in Israeli strikes on Gaza hospital
- China's Xi holds talks with North Korea's Kim in Beijing
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- China displays its weaponry in a tightly controlled military parade
- Israel ups pressure on Gaza City
- Putin lands in Tianjin for summit hosted by China
- Tokyo logs record 10 days of 35 C or higher
- Thai opposition holds kingmaking summit deciding new PM
