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://qx-gauh-uajf-cwjl.ycyzqzxyh.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.
- Marcos leads oath taking of new officers of League of Provinces of the Philippines
- Thai opposition's kingmaking summit fails to back new PM
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
- PH has chance of getting UNSC seat - Manalo
- Discaya companies' licenses revoked for bid-rigging
- Housing secretary declares 'zero-tolerance' policy on corruption
- DHSUD chief cites accomplishments
- Afghanistan earthquake kills more than 800
- Social media erupts: Politicians' children face backlash for flaunting wealth
- Pasig City continues barangay aid for efficiency, ends patronage politics
