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://ka-fs-eo-owb.gyglfs.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
- Australia government condemns anti-immigration rally in Sydney
- Filipino member of AHOF K-pop group says Manila concert a dream come true
- PH, Australia, Canada hold joint sea drills
- Venezuela builds up border security over US warships
- Putin tells Xi China-Russia ties are at 'unprecedented level'
- Construction managers, developers back Housing chief's anti-corruption advocacy
- French couple kept panther that roamed nearby rooftops
- LPA over West PH Sea develops into tropical depression, now called ‘Jacinto’ -- Pagasa
- Catholic, Greek Orthodox clergy to stay in Gaza City to help weakest
- Thai tycoon takes office as PM after royal endorsement
