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://705-888.com
Budget shortfall narrows in July
- Israeli strikes in Yemen's capital kill six, Houthis say
- Asian voices needed to 'shape agenda' - AVPN chief
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- Filipino weightlifter Vanessa Sarno banned for 2 years for anti-doping violation
- Thai cannabis-championing tycoon takes office as PM
- Palace to Discayas: Prove allegations
- Indonesian leader fires ministers of finance and security after deadly protests
- Hontiveros pushes P15,000 salary hike for teachers
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
- Pope Leo meets LGBTQ+ Catholic advocate and vows continuity with Pope Francis' legacy of welcome
