MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
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., This news data comes from:http://mcufbwkt.gangzhifhm.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.
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
- China is showing off its weaponry in a tightly controlled military parade
- Philippine forces deliver supplies and personnel to disputed South China Sea shoal despite tensions
- National Guard troops begin carrying weapons in US capital
- Pag-IBIG Fund gives occupants 10% discount to legally buy acquired homes
- Catholic, Greek Orthodox clergy to stay in Gaza City to help weakest
- Passenger with fake Overseas Employment Certificate barred from leaving
- Floods kill over 30 in Indian-controlled Kashmir, displace 150,000 in east Pakistan
- Some areas in Metro Manila, Bulacan, Quezon to have power interruptions due to maintenance work
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- Mexican drug lord faces life in prison after pleading guilty in US court
