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://ppc.ycyzqzxyh.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.
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.
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- Thailand set for vote on new PM after dissolution bid rejected
- Marcos to create independent commission to investigate flood control anomalies
- Heavy rains flood parts of Metro Manila anew
- South Korea to ban mobile phones in school classrooms
- PH, Australia hold live fire drills during ALON 2025 in Nueva Ecija
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Afghanistan earthquake kills more than 800
- Japan PM decides to quit as opponents seek leadership election: reports
- AI, thinner iPhones likely stars of Apple 'Awe Dropping' event
