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://www.052298.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.
- LPA over West PH Sea develops into tropical depression, now called ‘Jacinto’ -- Pagasa
- An AI simulation of a Mount Fuji eruption is being used to prepare Tokyo for the worst
- Israel tells residents to leave Gaza City ahead of offensive
- Discaya companies' licenses revoked for bid-rigging
- Emma Tiglao crowned Miss Grand PH 2025
- Putin threatens to target Western troops in Ukraine
- Alice Guo faces new cases over POGO land
- One in four people lack access to safe drinking water – UN
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- Government work, classes on Tuesday suspended due to bad weather
