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://gerj.705-888.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.
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.
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
- NATIONAL ARTIST'S HOMETOWN
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- 95 IMAGES OF MARY
- US senators to reinforce 'partnership' with Taiwan
- 25 countries suspend postal services to US over tariffs – UN
- GoTyme gives customers 20 free InstaPay transfers per month
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- Cooperatives group lauds Konektadong Pinoy Law as milestone in digital inclusion
- More funding sought for sports commission
