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://pxt.052298.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.
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.
- Meralco: Lower electricity rates expected for Sept
- Marcos to mark ‘Thrilla In Manila’ 50th anniversary
- Some areas in Metro Manila, 5 provinces to have power interruptions due to maintenance works
- Humanoid robots showcase skills at Ancient Olympia. But they're on a long road to catch up to AI
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- Denmark summons US envoy over 'attempts to influence' Greenland
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- Thailand set for vote on new PM after dissolution bid rejected
- Trump stamps 'dictator chic' on Washington
- Tensions soar in Indonesia as protests over police brutality and lawmakers' allowances continue
