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://dc-ejw-ymne-ia.redcanaco.com
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.
- Metro Manila, rest of Luzon would be rainy due to ‘habagat’ —Pagasa
- Malabon averts crisis with garbage deal
- Isko Moreno files charges against contractor over illegal demolition of sports complex in Manila
- Putin threatens to target Western troops in Ukraine
- House holds budget review with 21 civil society organizations
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- 'God's Influencer' to become first millennial saint
- Hontiveros pushes P15,000 salary hike for teachers
- DOTr denies ordering shutdown of online selling platforms
- Search for survivors after Afghan earthquake kills 800
