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., This news data comes from:http://www.jyxingfa.com
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.
- Vietnam evacuates thousands ahead of Typhoon Kajiki
- PNP chief leads fun run
- DSWD's guarantee letters now accepted in more establishments
- UK's mass facial-recognition roll-out alarms rights groups
- House tackles P881B public works budget amid flood control anomalies
- Globe: Mobile data helps drive national progress
- Corruption crackdown: VP Sara Duterte, lawmakers call for deeper probe into government
- Opponents of Japan PM seek leadership contest
- New mining law to balance profit, ecology
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
