MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
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.
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.
Budget shortfall narrows in July, This news data comes from:http://ell-hn-wnu-wmih.771bg.com
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.
Budget shortfall narrows in July
- Strikes across Gaza Strip kill at least 31 as international scholars accuse Israel of genocide
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- North Korean leader inspects new missile factory ahead of visit to China
- Go seeks more support for Filipino athletes
- Public Works chief to press criminal charges against Bulacan engineer
- Bishops demand broad probe into flood project corruption
- Taiwan: China illegally deploying oil rigs in its waters
- Luzon dams release water due to southwest monsoon
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- Trump rebrands Department of Defense as 'Department of War'
