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.
Budget shortfall narrows in July, This news data comes from:http://erlvyiwan.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.
- Putin threatens to target Western troops in Ukraine
- Modi: India, Japan to 'shape the Asian century'
- Lone bettor wins P86M in 6/42 lotto draw for Sept 6
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- Former Bulacan district engineer admits going to casinos
- Marcos names acting Ombudsman
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
- Thousands rally in Serbia and accuse police of brutality at anti-government demonstrations
- House holds budget review with 21 civil society organizations
- WBO champ looms as Pacquiao’s next opponent
