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://pgumb.erlvyiwan.com
Budget shortfall narrows in July
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.
- North Korea test-fires two 'new' air defense missiles
- Former Bulacan district engineer admits going to casinos
- US warship heading toward Caribbean Sea
- DICT grants amnesty to unregistered delivery firms
- ‘Large shark’ kills man off Sydney beach
- Thailand acting PM moves to dissolve parliament — party
- Marcos signs law giving 99-year land lease to foreign investors
- ‘Lannie’ will bring rain showers, thunderstorms over North Luzon —Pagasa
- Sotto files bill to amend party-list system
- Gloria Arroyo files bill to empower Office of the Vice President
