MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
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., This news data comes from:http://705-888.com
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.
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- Supreme Court censures Marikina judge over parking dispute with PAO lawyer
- Lacson to Marcoleta: I don’t want a fight but I won’t back down from one
- BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
- Indonesia protests put spotlight on paramilitary police force
- Hontiveros urges probe on Chinese faking Filipino identity
- Duterte lawyer cites failing health, urges return to Philippines after ICC postpones hearing
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
- Islamic State claims deadly attack on Pakistan rally
- Filipino member of AHOF K-pop group says Manila concert a dream come true
