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Govt revenues up to P2.22T in Jan-July

THE government has ramped up its revenue collection, hitting P2.22 trillion in the first seven months of the current year, or 9.6-percent higher compared to the same period in 2023.

In a Facebook post, Finance Secretary Ralph Recto said the Bureau of Internal Revenue (BIR) and Bureau of Customs (BoC) had already exceeded their collection targets for the year.