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://eqoh-vpbs-sot-qw.xs888999.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
- Marikina City chief of police relieved
- House suspends DPWH budget deliberations pending submission of changes by agency, DBM
- DILG denies allegations that PNP chief fired over firearms deal
- Palestinian Embassy echoes PH appeal for ceasefire in Gaza
- Manila Water announces service disruption for over 12K households in Mandaluyong due to leak repair
- Makati earns high rating in anti-trafficking and violence assessment
- Marcos signs laws declaring holidays across PH
- China's Xi holds talks with North Korea's Kim in Beijing
- ‘Lannie’ to bring rain over NLuzon, southwest monsoon to affect Metro Manila, Calabarzon, Mimaropa —Pagasa
- ‘New NBI chief must be career official’
