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, This news data comes from:http://xs888999.com
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
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.
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- DPWH exec fired, 2 others face dismissal over flood control mess
- New Quezon City judge to oversee Dengvaxia vaccine cases, sets hearing
- Russia hits seat of Ukraine government in war's biggest air attack
- Comelec probes 15 contractors for illegal campaign donations
- Vietnam marks 80th independence anniversary with huge parade
- NHA gives cash aid to families affected by calamity in Manila
- Major road closures in Manila announced for 2025 Bar Examinations
- Customs recovers 10 more Discaya luxury cars
- President Marcos commits to boosting PH digital infrastructure
