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://erlvyiwan.com
Budget shortfall narrows in July
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.
- PH, Japan conduct search and rescue exercises
- No winner in Grand, Megalotto draws for Aug 27
- Mexican boxer Chavez Jr. released from prison pending trial
- Duterte Youth brings Comelec cancelation battle to Supreme Court
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- Pangilinan urges Marcos Jr. to prioritize bill aiding farmers, fishermen
- Palace suspends govt work, classes in several areas due to bad weather
- Head of main US health agency abruptly dismissed
- Marcos willing to submit to a lifestyle check
- Thailand acting PM moves to dissolve parliament — party
