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://vafo-gt-yt-bw.771bg.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.
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- PH Army showcases disaster response capabilities before Thai defense officials
- UK refuses to invite Israeli government officials to London arms fair over the war in Gaza
- Putin meets Kim, praises North Korean troops in Russia
- Indonesian finance minister's home looted as protest anger grows
- Bishops demand broad probe into flood project corruption
- White House fires US health agency head after she refused to quit
- Nartatez relieves Fajardo as PNP spokesman
- Alex Eala makes history With comeback victory at US Open
