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.
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
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., This news data comes from:http://rgeumk.052298.com
- Malacañang calls plot to jail VP Duterte 'wild imagination'
- ‘Gomez ignorant of how media works’
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
- Puno seeks probe of anomalous projects ‘funders’
- Thai court to rule on PM's fate after Hun Sen call leak
- Meeting South Korea, Trump could eye new chance with North
- President Marcos commits to boosting PH digital infrastructure
- Social pension eyed for indigent seniors
- South Korean prosecutors indict Yoon's wife, former PM
- MMDA proposes rainwater facilities in Camp Aguinaldo to mitigate EDSA flooding
