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://aichuwei.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.
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.
- Bolsonaro verdict looms as Brazil coup trial closes
- Trump: Many Americans ‘like a dictator’
- South Korea to ban mobile phones in school classrooms
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- Read to reduce sentence, Uzbekistan tells prisoners
- DILG denies allegations that PNP chief fired over firearms deal
- Marcos opens WorldSkills Asean competition
- Some areas in Metro Manila, 5 provinces to have power interruptions due to maintenance works
- Aftershocks rumble quake-hit Afghanistan as death toll tops 1,400
- Israel expects 1 million Gazans to flee new offensive
