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://dcbx-fxm-yvgk-xc.gangzhifhm.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
- Luzon dams release water due to southwest monsoon
- Earthquake kills 250, injures 500 in Afghanistan
- Follow the trucks: Why investors are looking south of Metro Manila
- No peace without end to hostilities –Arab bloc
- Laws signed on holidays, court branches
- DOE issues circular to consolidate electric vehicle recognition guidelines
- Duterte defense files more motions challenging ICC prosecutor
- House holds budget review with 21 civil society organizations
- Lawmaker linked to anomalous flood control projects in US for medical reasons, says House spokesman
- US Spirit Airlines files for bankruptcy again
