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.
Budget shortfall narrows in July
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.
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., This news data comes from:http://ttxddwyr.gangzhifhm.com
- Trump to blacklist countries for imprisoning Americans
- Kris Aquino is alive, says friend amid reports of death
- Chinese warships shadow Philippine, Australian, Canadian drills in Zambales
- Marcos suspends importation of regular, well-milled rice for 60 days
- Marcos signs laws declaring holidays across PH
- Peace efforts in limbo as Kyiv mourns 23 dead
- NHA gives cash aid to families affected by calamity in Manila
- Prince Harry to visit UK on anniversary of queen's death
- Pasig fire kills child, injures mother as she tries to save him
- SEARCH WARRANT
