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.
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.
Budget shortfall narrows in July, This news data comes from:http://qgvqiyjn.gangzhifhm.com
- PH Construction Board asked to address 'accreditation for sale' scandal
- Pagasa monitors LPA off Cavite, may still become tropical depression
- ICC clears applications of 15 drug war victims to join proceedings vs Duterte
- Hawaii's Kilauea volcano erupts with lava pouring out from multiple vents
- Gloria Arroyo files bill to empower Office of the Vice President
- A tale of two cities: San Mateo rejects Manila's trash; Rizal opens landfill to Malabon
- US agents arrest 475 in Hyundai-LG plant raid
- Ever dream of having an entry in the Guinness World Records? Here's how to do it
- Labubu fans flock to stores after launch of mini dolls
- Immigration deports 49 South Korean fugitives
