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.
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, This news data comes from:http://gbq-bkif-ejhp-rdn.yamato-syokunin.com
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.
- Police brutality fuels soaring tensions in Indonesia
- DPWH seeks lookout bulletin vs officials, contractors in ghost projects
- Searchers retrieve bodies as Afghan quake toll seen to rise
- Mayor Sotto slams Discayas, cites lies, ghost firms, and kickback allegations
- Thailand's suspended prime minister testifies over phone call that could get her booted from job
- PH Construction Board asked to address 'accreditation for sale' scandal
- Ballots for oct 13 BARMM polls completed – Comelec
- Mass housing developers laud Pag-IBIG Fund
- South Korean President vows support to Koreans arrested in US immigration raid
- Trump moves to limit US stays of students, journalists
