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://tpk.redcanaco.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.
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.
- Australia's 'mushroom murderer' handed life in prison with parole
- ChatGPT to get parental controls after teen's death
- DILG denies allegations that PNP chief fired over firearms deal
- Taiwan, China locked in historical word war
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- Senate cites former Bulacan assistant district engineer in contempt
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- ERC amends net-metering rules to expand renewable energy options
- DMW, pharmaceutical firm sign agreement to boost access to medicines, hospital services for OFWs, families
- Marcos names acting Ombudsman
