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.
Budget shortfall narrows in July, This news data comes from:http://www.ycyzqzxyh.com
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.
- Co out of country for medical reasons
- Senate subpoenas 8 DPWH officials, contractors in flood control probe
- Philippines presses call for ceasefire in Gaza
- Supreme Court: It’s work as usual in judiciary
- No winner in Ultra, Megalotto draws for Aug 29
- Iran confers with European nations on its nuclear program as sanctions deadline nears
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- Gaza at 'breaking point,' says UN food agency chief after visit
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
