June budget gap down; H1 deficit hits ₱613.9 billion

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THE national government’s budget balance recorded a narrowed deficit in June, expanding the budget shortfall to P613.9 billion in the first half of the year, according to the Bureau of the Treasury (BTr).

The BIR’s collection rose by 4.71 percent year-on-year to P172.5 billion in June 2024, net of the P4.3-billion tax refund, from P164.7 billion.

FOR the month of June, revenues amounted to P296.5 billion, higher by 10.93 percent than the P267.3 billion recorded in the same month a year ago.

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Article Details

Author / Journalist: Reine Juvierre S. Alberto

Category: BusinessStartups

Markets: Philippines

Topics: Percent June Year Trillion 2023 National 2024 Billion Government Period Budget

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-07-24 @ 16:16:00 (11 hours ago)

News Timezone: GMT +8:00

News Source URL: businessmirror.com.ph

Language: English

Article Length: 763 words

Reading Time: 5 minutes read

Sentences: 27 lines

Sentence Length: 29 words per sentence (average)

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

Copyright Owner: © Business Mirror

News ID: 21763672

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About Business Mirror

Main Topics: BusinessStartups

Official Website: businessmirror.com.ph

Update Frequency: 49 posts per day

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News Last Updated: 11 hours ago

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