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://pl-rrh-uj-vg.aichuwei.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.
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.
Budget shortfall narrows in July
- Marcos signs laws creating more court branches
- Nartatez rules out 'quota' arrests
- Bolsonaro verdict looms as Brazil coup trial closes
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
- President Marcos commits to boosting PH digital infrastructure
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
- Students, faculty file complaint against Universidad de Manila president
- India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
- Israel expects 1 million Gazans to flee new offensive
