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://ho-ogkg-ll-msro.gyglfs.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.
- Gasoline, diesel prices to increase by P1 next week
- Hontiveros urges probe on Chinese faking Filipino identity
- Villanueva: Regularize contractual govt workers
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- Pakistanis no reprieve from floods yet
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Lacson: Torre 'acted beyond his authority'
- Vietnam evacuates thousands ahead of Typhoon Kajiki
- Kanlaon Volcano spews ash
- China's Communist rulers push party role before World War II anniversary
