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://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
- New Zealand to allow some wealthy foreign investors onto property market
- Modi, Ishiba agree to boost economic ties
- Israel expects 1 million Gazans to flee new offensive
- Passenger with fake Overseas Employment Certificate barred from leaving
- Escudero says new lease law to make PH more appealing to investors
- House resolution filed to investigate 'funders' of anomalous projects
- France seized by fears of new political crisis
- US Spirit Airlines files for bankruptcy again
- Marcos suspends importation of regular, well-milled rice for 60 days
- Gloria Arroyo files bill to empower Office of the Vice President
