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://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.
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
- Heavy rain causes flooding, landslides and 8 deaths in Vietnam and Thailand
- Guyana votes amid oil boom, Venezuela tensions
- Russian drone, missile attack kills 14, injured 48 in Kyiv
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- Palace hits Discayas over ‘misinformation’ on PH film center project
- Venezuela builds up border security over US warships
- Inflation up 1.5% in August
- ChatGPT to get parental controls after teen's death
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- Aftershocks rumble quake-hit Afghanistan as death toll tops 1,400
