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
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., This news data comes from:http://www.aichuwei.com
Budget shortfall narrows in July
- Luzon dams release water due to southwest monsoon
- Remulla pledges transparency and impartiality as Ombudsman
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- Asian voices needed to 'shape agenda' - AVPN chief
- Afghanistan earthquake kills more than 800
- 'No way' US troops can invade Venezuela, says Maduro
- New judge to handle Dengvaxia cases named; hearing set
- Recto: No exemption for US tech firms from digital tax
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
- Lacson seeks probe of 2 PH contractors' board members for conflict of interest
