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
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., This news data comes from:http://kuvj.gyglfs.com
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.
- Inflation up 1.5% in August
- Thai opposition's kingmaking summit fails to back new PM
- Marcos lauds Filipinos for role in nation building on National Heroes Day
- Taiwan: China illegally deploying oil rigs in our waters
- Thailand's former Prime Minister Thaksin makes surprise departure ahead of a risky court ruling
- ICC wants Garma to testify in Duterte case
- Chinese warships shadow Philippine, Australian, Canadian drills in Zambales
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- LTO told to summon 2 DPWH engineers with fake driver’s license
- Nartatez rules out 'quota' arrests
