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://xto-kw-tsh-bco.jyxingfa.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.
Budget shortfall narrows in July
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.
- Bonoan resigned due to command responsibility — Marcos
- Marcos sacks PNP Chief Torre, saying it was 'difficult but necessary'
- US warship heading toward Caribbean Sea
- ‘God’s Influencer’ to become first millennial saint
- Hawaii's Kilauea volcano erupts with lava pouring out from multiple vents
- Israeli protesters demand hostage deal as cabinet meets
- Marcos opens Hyundai's shipyard in PH
- Palace slams Discaya couple's denial in Film Heritage Building debacle
- Argentina hunts Nazi-looted painting revealed in property ad
- Former Bulacan district engineer admits going to casinos
