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://iwkl.gangzhifhm.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.
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.
- Social pension eyed for indigent seniors
- Rains over Metro Manila, parts of PH as LPA may develop into 'short-lived' tropical depression
- Private groups back DHSUD chief's anti-corruption policy
- NATO members to reach 2% defense spending goal this year
- SSS pension reform program starts in September
- Comelec to resume BARMM polls ballot printing Thursday
- Marcos urged to raise WPS resolution at UN
- GoTyme gives customers 20 free InstaPay transfers per month
- Floods kill over 30 in Indian-controlled Kashmir, displace 150,000 in east Pakistan
- DOJ indicts Abra Mining for fraudulent trading
