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://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.
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.
- Comelec to resume BARMM polls ballot printing Thursday
- EU massive fine against Google draws Trump’s ire
- Chinese bridge collapse kills at least 12 construction workers
- LPA has big chance of intensifying into tropical cyclone to be named ‘Kiko’
- Kneecap to play Paris concert in defiance of objections
- Xi meets Modi as China and India seek to rebuild ties
- China 'unstoppable', says Xi with Kim, Putin at his side
- UN watchdog finds uranium traces at suspected Syrian former nuclear site
- Govt eyes charges vs Discayas over 'unfinished' PH Film Heritage Building
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
