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://fry-to-oejd-pcr.erlvyiwan.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.
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.
- LGBTQ+ Catholics make Holy Year pilgrimage to Rome and celebrate a new sense of acceptance
- ‘Large shark’ kills man off Sydney beach
- Bureau of Customs seeks missing luxury cars of contractor Sarah Discaya
- Immigration: 1st lookout bulletin in effect on 35 individuals, including Discayas, linked to anomalous flood control projects
- White House fires US health agency head after she refused to quit
- Construction managers, developers back Housing chief's anti-corruption advocacy
- 11 foreigners killed in Portugal funicular crash
- OVP ready to submit to lifestyle check if ordered, no word from Sara
- China's Xi holds talks with North Korea's Kim in Beijing
- Mexican boxer Chavez Jr. released from prison pending trial
