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., This news data comes from:http://www.771bg.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.
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.
Budget shortfall narrows in July
- OVP ready to submit to lifestyle check if ordered, no word from Sara
- Marcos urged to raise WPS resolution at UN
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- House justice panel to probe US' extradition request for Quiboloy
- Thai opposition's kingmaking summit fails to back new PM
- DICT grants amnesty to unregistered delivery firms
- Pasig fire kills child, injures mother as she tries to save him
- Thousands rally in Serbia and accuse police of brutality at anti-government demonstrations
- Searchers retrieve bodies as Afghan quake toll seen to rise
- Trump move to cut more foreign aid risking shutdown
