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.
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, This news data comes from:http://aichuwei.com
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- Venezuela builds up border security over US warships
- Heavy rains flood parts of Metro Manila anew
- Mayor Sotto slams Discayas, cites lies, ghost firms, and kickback allegations
- Two dead as strong earthquake jolts Afghanistan
- Philippines to launch shame campaign vs traffic violators
- Trump move to cut more foreign aid risking shutdown
- 95 IMAGES OF MARY
- UP journalism professor chides Rep. Gomez over ‘media spin’ claims
- 2 policemen placed under preventive custody for allegedly molesting a female colleague in Marikina
