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://upblqm.xs888999.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.
Budget shortfall narrows in July
- ChatGPT to get parental controls after teen's death
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- Eight towns in Cotabato cancel classes on Monday
- EU massive fine against Google draws Trump threat
- Argentine police recover Nazi-looted painting spotted in property ad
- Bolsonaro verdict looms as Brazil coup trial closes
- US appeals court finds Trump's global tariffs illegal
- DOST, SM Supermalls partner to empower businesses with sustainable practices
- Legarda pushes Magna Carta of Waste Workers
