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://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.
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- Yemen's Huthis hold funeral for PM killed in Israeli strike
- Malacañang calls plot to jail VP Duterte 'wild imagination'
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- Makati earns high rating in anti-trafficking and violence assessment
- NATO members to reach 2% defense spending goal this year
- US approves .5M in assistance to Nigeria to help address hunger
- Manila mayor warns against mobs, orders police to maintain peace and order
- Preliminary report on Lisbon funicular accident expected
- Marcos leads oath taking of new officers of League of Provinces of the Philippines
