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
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://www.gangzhifhm.com
Budget shortfall narrows in July
- Trump health misinformation swirls despite denial
- Pagasa: Trough of LPA, 'habagat' will bring rain, thunderstorms across PH
- Support grows for independent probe into flood control projects
- Vico encourages citizens on Heroes’ Day to be brave
- Palestinian Embassy echoes PH appeal for ceasefire in Gaza
- Marcos orders lifestyle check on all govt officials amid flood projects probe
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- Lacson: DPWH exec sought ‘insertions’
- UK police arrest hundreds in latest Palestine Action demo
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
