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://oomdx.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.
Budget shortfall narrows in July
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.
- Angkas supports DICT's amnesty program for unregistered delivery services
- 4 policemen linked to sabungero case slapped with more administrative cases
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- Xi and Putin reaffirm 'old friend' ties in the face of US challenges
- National Guard troops begin carrying weapons in US capital
- Heavy rain causes flooding, landslides and 8 deaths in Vietnam and Thailand
- Lacson to Marcoleta: I don’t want a fight but I won’t back down from one
- Marcos 'ready' to undergo lifestyle check- Palace
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
