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://ayv.yamato-syokunin.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.
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
- Trump rebrands Department of Defense as 'Department of War'
- Two foreigners face trafficking complaint in Pasay City
- MMDA unveils plan to build rainwater impounding facilities in Camp Aguinaldo
- Supreme Court urged to act on fake complaints
- Israel army urges Gaza City residents to leave
- CFO office moves from Quezon City to Pasay
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- Dizon asks DOJ to issue immigration lookout bulletin to 26 DPWH officials and contractors
- Filipino member of AHOF K-pop group says Manila concert a dream come true
- Vico encourages citizens on Heroes’ Day to be brave
