MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
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., This news data comes from:http://pta.jyxingfa.com
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.
- Japan prince comes of age as succession crisis looms
- LPA may still develop into short-lived tropical cyclone
- Israel expects 1 million Gazans to flee new offensive
- UN watchdog finds uranium traces at suspected Syrian former nuclear site
- Thai PM Paetongtarn Shinawatra sacked; new turmoil feared
- 9 dead in Ecuador after bus plunges into ravine
- Thailand ruling party moves to dissolve parliament
- AI helps UK woman rediscover lost voice after 25 years
- Hawaii's Kilauea volcano erupts with lava pouring out from multiple vents
- Israeli protesters call for hostage deal ahead of cabinet meeting
