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://yddfka.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.
Budget shortfall narrows in July
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.
- Supreme Court urged to act on fake complaints
- Can a giant seawall save Indonesia's disappearing coast?
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- Mass housing developers laud Pag-IBIG Fund
- 'Ondoy'-level rains swamp Quezon City
- Thailand's former Prime Minister Thaksin makes surprise departure ahead of a risky court ruling
- Nartatez vows to be fair in making reassignments
- Marcos signs law giving 99-year land lease to foreign investors
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- Tariffs, migration and cartels will top Rubio's talks in Mexico and Ecuador this week
