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://rrwu-pp-os-kaew.redcanaco.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.
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
- Magnitude 5.1 earthquake rattles Surigao del Sur
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- Putin vows not to back down in Ukraine
- Dizon to order DPWH officials to submit courtesy resignation
- Indonesian finance minister's home looted as protest anger grows
- ‘God’s Influencer’ to become first millennial saint
- Israeli forces seize nearly 0,000 in West Bank raid
- 'Large shark' kills man off Sydney beach
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- WorldSkills Asean Manila begins
