Deficit cuts NG budget gap by ₱697B–data

Quick Summary:

THE lower fiscal deficit recorded in August 2024 further reduced the national government’s budget shortfall to P697 billion, data from the Bureau of the Treasury showed.

Moreover, eight-month non-tax revenues reached P434.9 billion and are close to hitting the full-year program of P449.6 billion at 96.73 percent status.

Revenue collections reached P2.993 trillion from January to August 2024, higher by 15.91 percent than the P2.582 trillion recorded a year ago.This accounts for 70.10 percent of the P4.3 trillion full-year revenue target.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Percent Revenue 2024 Billion Non-tax Collections 2023 Deficit Government Trillion August

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-25 @ 16:04:00 (2 days ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 529 words

Reading Time: 3 minutes read

Sentences: 18 lines

Sentence Length: 30 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Business Mirror

News ID: 22708352

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 43 posts per day

Year Established: 2005

Headquarters: Philippines

News Last Updated: 11 hours ago

Coverage Areas: Philippines

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Publisher ID: #37

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