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://jbkljd.771bg.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.
- Drug war whistleblower Royina Garma returns to PH after US detention
- Diokno urges Philippines to rejoin ICC to counter China's aggression
- Tensions soar in Indonesia as protests over police brutality and lawmakers' allowances continue
- 'God's Influencer' to become first millennial saint
- Private groups back DHSUD chief's anti-corruption policy
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- Thailand's Parliament to vote Friday for a new prime minister
- Manila mayor warns against mobs, orders police to maintain peace and order
- Maduro calls for dialogue hours after Trump’s threat
- Japan PM decides to quit as opponents seek leadership election
