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://bow-dujv-hnb-tdj.771bg.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.
- PH to host seafarers’ welfare forum
- Filipino fulfills dream of performing with K-pop group before home fans
- Zelenskyy meets European leaders on Ukraine security guarantees
- First millennial saint: Vatican to canonize 'God's Influencer' Carlo Acutis
- Madagascar welcomes home skulls of Indigenous warriors taken by French colonial troops 128 years ago
- Comelec en banc upholds cancelation of Duterte Youth Party-List registration
- Marcos willing to submit to a lifestyle check
- Drug war whistleblower Royina Garma returns to PH after US detention
- Pagasa monitors LPA off Cavite, may still become tropical depression
- LBC Express Holdings top executive to retire in Oct.
