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.redcanaco.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.
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
- Co out of country for medical reasons
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- US church shooter 'obsessed with idea of killing children'
- A summit and parade in China may signal a geopolitical shift
- Israel flattens high-rise as it tells Gaza City residents to flee
- House tackles P881B public works budget amid flood control anomalies
- PNP chief Torre relieved, Nartatez to take over
- Madagascar welcomes home skulls of Indigenous warriors taken by French colonial troops 128 years ago
- China's Communist rulers push party role before World War II anniversary
- Marcos wants subpoena power for body investigating flood projects
