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., This news data comes from:http://052298.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.
Budget shortfall narrows in July
- Housing secretary declares 'zero-tolerance' policy on corruption
- Pope Leo XIV to Israeli president: 2-state solution needed to end Gaza war
- Govt monitoring Chinese ‘sleeper agents’ in PH
- 1 in 4 people lack access to safe drinking water — UN
- ‘God’s Influencer’ to become first millennial saint
- Tax bureau hunts down contractors over questionable flood control deals
- Marcos urged to raise WPS resolution at UN
- Cambodia MPs pass law allowing stripping of citizenship
- COA probes Iqbal on spending of P1.7B in one day
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
