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.
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., This news data comes from:http://aichuwei.com
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
- A summit and parade in China may signal a geopolitical shift
- Indonesia leader orders investigation into driver's protest death
- Pope meets with Chagos refugees and delivers message about rights of the weak against the powerful
- Vico encourages citizens on Heroes’ Day to be brave
- Yemen's Huthis hold funeral for PM killed in Israeli strike
- Ukraine drone attacks spark fires at Russia's Kursk nuclear plant, Novatek's Ust-Luga terminal.
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
- Israeli forces seize nearly 0,000 in West Bank raid
- Thailand's former Prime Minister Thaksin makes surprise departure ahead of a risky court ruling
- New Zealand to allow some wealthy foreign investors onto property market
