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.
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.
Budget shortfall narrows in July, This news data comes from:http://www.xs888999.com
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.
- Thousands protest in Nepal over social media ban, corruption
- Bureau of Customs seeks missing luxury cars of contractor Sarah Discaya
- ICC postpones Duterte's hearing, reviews fitness to stand trial
- First millennial saint: Vatican to canonize 'God's Influencer' Carlo Acutis
- VP Sara lauds Filipino heroes
- Australia halts logging for koala haven on eastern coast
- Japan pledges continued support for Philippine development projects
- Pag-IBIG: More than 25k register for socialized housing units under Expanded 4PH
- P1.7-M shabu seized in Taguig buy-bust
- Putin tells Xi China-Russia ties are at 'unprecedented level'
