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://jek-jsp-gb-fjyw.xs888999.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.
- Searchers retrieve bodies as Afghan quake toll seen to rise
- DPWH engineer denies role in Bulacan flood control ‘ghost projects’
- More funding sought for sports commission
- Indonesia's delayed new capital risks 'white elephant' status
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
- 'Pink and green' protests call for a reset in Indonesia
- US warship heading toward Caribbean Sea
- LPA may still develop into short-lived tropical cyclone
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- Supreme Court: It’s work as usual in judiciary
