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.
Budget shortfall narrows in July, This news data comes from:http://www.705-888.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.
- Marcos Jr. seeks 'fair, impartial' Ombudsman - Palace
- Chinese warships shadow Philippine, Australian, Canadian drills in Zambales
- Lacson replaces Marcoleta as Blue Ribbon panel chairman
- Two dead as strong earthquake jolts Afghanistan
- Gomez-Estoesta named court administrator by Supreme Court
- Rubio says US warned France on Israel annexation moves
- DILG denies allegations that PNP chief fired over firearms deal
- Heavy rain causes flooding, landslides and 8 deaths in Vietnam and Thailand
- AboitizPower pushes growth with clean, renewable energy
- 95 IMAGES OF MARY
