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.
Budget shortfall narrows in July, This news data comes from:http://705-888.com
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.
- Taiwan, China locked in historical word war
- 40% of Filipinos are now obese, says Health expert
- Go Negosyo, CFO push migrant empowerment
- LPA off Leyte has low chance of becoming cyclone within 24 hours —Pagasa
- Bonoan resigns, Dizon named DPWH chief
- France seized by fears of new political crisis
- Sen. Go files bills to push health, social, and labor reforms
- SpaceX cancels Starship megarocket launch
- Trump threatens Russia with sanctions after biggest aerial attack on Ukraine
- Boy killed, mother injured in Pasig fire
