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://jw-eapt-hwtx-tr.aichuwei.com
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.
- Oil firms to raise fuel prices this week
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- ALPAS Consultancy bags five awards in Philippine Quill debut
- Thailand ruling party moves to dissolve parliament
- PH Navy spots 20 Chinese ships near BRP Sierra Madre
- Major road closures in Manila announced for 2025 Bar Examinations
- US senators to reinforce 'partnership' with Taiwan
- Xi and Putin reaffirm 'old friend' ties in the face of US challenges
- Housing secretary declares 'zero-tolerance' policy on corruption
- Australia halts logging for koala haven on eastern coast
