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://gangzhifhm.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.
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.
- Tokyo logs record 10 days of 35 C or higher
- Trump says he wants to meet North Korea's Kim again
- 100K Pakistanis flee amid flood threat
- International media protest over journalist deaths in Gaza
- 1 of 2 suspects in Pasay robbery, rape arrested
- Corruption crackdown: VP Sara Duterte, lawmakers call for deeper probe into government
- Marcos to attend UN meet in New York in Sept- Palace
- Bishops demand broad probe into flood project corruption
- House tackles P881B public works budget amid flood control anomalies
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
