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.
Budget shortfall narrows in July
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://705-888.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.
- Kris Aquino is alive, says friend amid reports of death
- Mandela grandson says he will join Gaza aid boat
- UK's mass facial-recognition roll-out alarms rights groups
- Pagasa: Trough of LPA, 'habagat' will bring rain, thunderstorms across PH
- Emma Tiglao crowned Miss Grand PH 2025
- Navotas inks deal for school feeding project
- Students, faculty file complaint against Universidad de Manila president
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- House justice panel to probe US' extradition request for Quiboloy
- 100K Pakistanis flee amid flood threat
