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.
Budget shortfall narrows in July
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, This news data comes from:http://ullgqbsu.052298.com
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.
- Guyana votes amid oil boom, Venezuela tensions
- Duterte defense files more motions challenging ICC prosecutor
- DSWD program reduced hunger
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Lacson to Marcoleta: I don’t want a fight but I won’t back down from one
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
- Wildfire tears through California gold rush town
- Monsoon rains flood Mandaluyong, Parañaque — MMDA
- 'Strangest' dinosaur covered in spiked armory — Scientists
- Comelec to resume BARMM polls ballot printing Thursday
