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.
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.
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://eurqws.aichuwei.com
- LPA may still develop into short-lived tropical cyclone
- Philippines nears universal healthcare, 80% goal achieved -- Marcos
- Palace hits Discayas over ‘misinformation’ on PH film center project
- Thai opposition holds kingmaking summit deciding new PM
- Some National Guard units in Washington are now carrying firearms in escalation of Trump deployment
- Transport chief pushes shame campaign vs errant motorists
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
- May 12 poll results accurate, credible - OCTA Research
- NBI slaps Alice Guo, 35 Others with new graft, misconduct cases
- Trump to blacklist countries for imprisoning Americans
