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://psp-itf-pt-npw.771bg.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.
Budget shortfall narrows in July
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.
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- Sara says govt corruption probe a 'zarzuela,' plans to meet Robredo im Bicol festival
- Marcos says commission on DPWH anomalies to be finalized 'very soon,' mum on Magalong participation
- China to bolster non-Western alliances at summit, parade
- Immigration deports 49 South Korean fugitives
- Need a pee? Japan has QR code for that
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Giovanni Lopez pledges to continue and expand DOTr reforms
- Ballots for oct 13 BARMM polls completed – Comelec
- ICC postpones Duterte's hearing, reviews fitness to stand trial
