MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July
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://ghgi.ycyzqzxyh.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.
- North Korea test-fires two 'new' air defense missiles
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- Taiwan: China illegally deploying oil rigs in our waters
- Australia expels Iran ambassador over antisemitic attacks
- DPWH exec fired, 2 others face dismissal over flood control mess
- DPWH to revisit budget, to complete revisions within 2 weeks
- Wife of Australian man wanted in police killings urges him to surrender
- Chinese tourist city Sanya shuts down as typhoon intensifies
- Comelec probes 15 contractors for illegal campaign donations
- GoTyme gives customers 20 free InstaPay transfers per month
