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., 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.
- Marcos names acting Ombudsman
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
- Rains over Metro Manila, parts of PH as LPA may develop into 'short-lived' tropical depression
- IBP forms committee on good governance to probe corruption
- North Korea test-fires two 'new' air defense missiles
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- Go seeks more support for Filipino athletes
- Roxas matriarch, 91
- 1.2K pass Electrical Engineers exam
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
