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://vjy-uuk-iepw-gh.yamato-syokunin.com
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- Roxas matriarch, 91
- Wife and ally of ousted SKorean president indicted by special prosecutors
- Preliminary report on Lisbon funicular accident expected
- ChatGPT to get parental controls after teen's death
- Chinese research vessel spotted near Philippine coast but 'goes dark' after, says maritime expert
- President Marcos launches HD Hyundai Shipyard in Subic
- Classes suspended in 10 Metro Manila cities due to rains
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- Marcos, first lady visit Cambodia to boost ties
