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.
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., This news data comes from:http://hw-gde-ckt-vkjw.ycyzqzxyh.com
- 'New' position being offered to Torre — Palace
- Sen. Go files bills to push health, social, and labor reforms
- Follow the trucks: Why investors are looking south of Metro Manila
- Malacañang hits back at VP Duterte's criticism on flood scam probe
- North Korean leader inspects new missile factory ahead of visit to China
- Seoul says over 300 South Koreans held in US battery plant site raid
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- 40% of Filipinos are now obese, says Health expert
- 1 of 2 suspects in Pasay robbery, rape arrested
- Japan prince comes of age as succession crisis looms
