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://ybsm-oqk-urw-uvbb.aichuwei.com
- Police officers face more charges in missing cockfight enthusiasts case
- Heavy rain falls in parts of Southeast Asia after tropical storm blows into Vietnam
- CFO moves office from QC to Pasay
- US halts 80% complete, huge offshore wind farm
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
- Trump says he wants to meet North Korea's Kim again
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Duterte defense files more motions challenging ICC prosecutor
- DoJ to begin preliminary investigation into missing cockfighting enthusiasts
- P1.7-M shabu seized in Taguig buy-bust
