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://www.jyxingfa.com
Budget shortfall narrows in July
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.
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
- Open mic caught Xi, Putin discussing immortality
- Marcos names Dizon as DPWH secretary
- Recto: No exemption for US tech firms from digital tax
- DILG suspends classes, gov’t work in 17 areas
- Corruption crackdown: VP Sara Duterte, lawmakers call for deeper probe into government
- Plea written in blood saves Chinese woman trapped in locked room
- 2,000 North Korean troops killed in Russia deployment: Seoul spy agency
- PH, Japan conduct search and rescue exercises
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
