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://www.aichuwei.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.
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.
- Lookout bulletins out vs Atong Ang, Barretto
- Wildfires producing 'witches' brew' of air pollution – UN
- Discaya says her family owns nine companies
- ICC wants Garma to testify in Duterte case
- SSS rolls out historic pension reform program
- North Korea's Kim oversees ICBM engine test: state media
- Japan accelerates missile deployment amid rising regional tensions
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
- Sotto files bill to amend party-list system
- No winner in Ultra, Megalotto draws for Aug 29
