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, This news data comes from:http://jyxingfa.com
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.
- Macron says 26 countries pledge troops as a reassurance force for Ukraine after war ends
- Discayas to file raps vs protesters, will attend Senate hearing — lawyer
- Maryland resident is diagnosed with New World screwworm. What to know about the parasite
- Peace efforts in limbo as Kyiv mourns 23 dead
- Venezuela builds up border security over US warships
- Trump: Many Americans ‘like a dictator’
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- PH, Australia, Canada hold joint sea drills
- DFA: No US extradition request for Quiboloy
- Sarah Discaya grilled by Senate over alleged DPWH links
