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://ke.gangzhifhm.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.
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.
Budget shortfall narrows in July
- Marcos urged to raise WPS resolution at UN
- Retired NBI agents urge Marcos to appoint career official to replace Santiago
- CFO office moves from Quezon City to Pasay
- PNP chief Torre relieved, Nartatez to take over
- Comelec completes ballot printing for Bangsamoro elections despite redistricting dispute
- COA launches sweeping audit of flood control projects
- Marcos embarks on three-day state visit to Cambodia
- Lacson seeks probe of 2 PH contractors' board members for conflict of interest
- Nepal to block unregistered social media platforms – govt
- Marcos soon to create commission to probe flood control projects
