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.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.
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.
- Israel expects 1 million Gazans to flee new offensive
- LPA has big chance of intensifying into tropical cyclone to be named ‘Kiko’
- Harold Cabreros takes post as new OCD chief
- PNP chief Torre relieved, Nartatez to take over
- DPWH Secretary Dizon orders perpetual ban of Wawao Builders, Syms Construction for ghost projects
- Trump to blacklist countries for imprisoning Americans
- Mob burns Nigerian woman to death over Islam blasphemy claim — police
- OVP ready to submit to lifestyle check if ordered, no word from Sara
- Tensions soar in Indonesia as protests over police brutality and lawmakers' allowances continue
- Japan PM decides to quit as opponents seek leadership election: reports
