National Government (NQU) An annual changed Year’s budget 2024, but shown the target by 1.48%, The Treasury Burage (BTR) said.
Data from Treasurer issued on Thursday showed that the budget budget cleansed 0.38 billion to P1.506 trillions in 20.512 trillion in 20.512 trillions in 2023.
However, it passed the P1.48-trillion dead roof of the development budget linking committee.
“Small variance comparers to the P1.484-trillion Deficit program is primarily due to higher output in government spending including those who are charged in the provision of accounts,” said the Treasury.
At the end – 2024, deficit as a complete home product budget (GDP) solved by 5.7%, less than 6.2% at the end-2023 but slightly higher than 5.6%.
The BTR data indicated the revenue collection of 15.56% in P4.42 trillion and passed its P4.27-trillion target due to the best income collection.
“This is equivalent to 16.72% of the GDP, the highest income attempt 27 years ago, since 1997,” the Treasury said.
The tax revenue has increased by 10.83% on P3.8 trillion in 2024 but crossed the P3.82-trillion target at 0.51%.
Collections with the Bureau of the Internal Revenue (BIR) Rise in 13.29% year to year to P2.852 Trillion, are conducted in Tax Tax Taxes (VAT). Passed the p2.84-trillion target with 0.09%.
On the other hand, the Bureau of Customs’ (BOC)
The BTR explains the low Cultural collections in reduced rates and electric cars, as well as the extension of low tax prices in meat products.
“The increase is reflected in all functions, VAT, and collections, including the tightened Bureau Defense, testing, and efforts to protect the previous year,” said BTR.
At that time, Nontax income transferred by 56,61% on P618.3 billion in 2024, exceeding a full million P449.6% of 37.53%.
“The best expectations of the best expectations of producing air collectors such as the Philippine Prease Project Fund Conference Insurance Corp. (PDIC),” said the Treasury.
“The deduction of the balance of the Fund’s remaining fundraiser, the total number of Nontax of P451.1 bilion exceeded a fully functional plan for 0.33 billion (P1.5 billion).
The Treasurer’s income grew by 24,48% in P283.4 billion last year and passed the P187-billion target in 51.52%. This is because of “high taxation, interest improvements from government-owned and-actual organization, verification agreements, and nk do not share from the Firilipine’s entertainment and Gaming Corp.” advantage. “Profits.”
Revenue from other offices above P335 billion from P1635.2 billion in 2023. It also passed its P262.6-billion program in 27.56%.
At the same time, the cost of the government has increased by 11.04% on P5.925 Trillion in 2024. This was 2.97% of the year’s program of the year.
“The performance of strong distribution was largely conducted by infrastructure and other financial departments of the Department of Public Works and the High Methods (DPWH),” said BTR.
It also identifies “repairs and other applications for various health and social programs, and the cost of labor service due to the operation of the first Tranche of the Civian employees.”
Basic spending – referring to the full spending of interest – up 9.65% on P5.16 trillion last year. It was 3.43% higher than the P4.999.
Facial Fees (IP) jumped by 21.48% to P763.3 billion due to “higher income and less external exchange rate. However, it was 0.02% lower than the revised P763.4 billion program.
December’s shortage
On December, the SP budget defictions are also reduced by 17.82% on P329.5 billion from P401 billion in the same month in 2023.
Revenue Collection Rose on 20.99% to P314.7 billion in December, as tax revenue is included in 2.01% on P251.6 billion.
You are broken down, the bir collection rises by 5.48% in P183.8 billion, while cultural collection passes by 6.38% in 6.38% in 6.7 billion billion.
At that time, Nontax income has been transferred by 369% on P63.1 billion, as the Treasury increase by 348% billion.
On the other hand, government spending fell on 2,55% in P644.2 billion in December.
Spending primary funds Slid by 2.36% to P586.2 Billion While Payment Payments Designs in 4.45% on P58 billion.
Rimal Commerce Banking Corp. The Economist Economist Michael L. Ricafort said the lowest lack of low lack of government was displayed in high cost of government.
“Higher prices and equipment related to the election may have resulted in an increase in government costs in 2024,” he said.
Security Bank Corp. Chief Robert Dan J. Roces said in the Viber message that the financial message “reflects a soft measuring action between the combination of money and cost management between macroeconomic heads.”
“While deficit is a slight reduction in P1.506 trillion, the success is noteworthy by being given a lot of money by being paid for more pressure,” he said.
“The burned trajectory, despite missing a vital financial system, which has a Desicit-to-GDP Progress from 6.2% to 206% of 20,6% in 2021,” said Mr. Roces. – ARE SAant
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