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., This news data comes from:http://www.erlvyiwan.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.
- PH to see ‘blood moon’ Sept. 7-8
- US and European officials meet to discuss new sanctions on Russia
- New Quezon City judge to oversee Dengvaxia vaccine cases, sets hearing
- PH, Cambodia business execs urged to boost partnership
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- MPD announces road closures for Bar exams
- Robinsons to build 9-story office building in Davao City
- Japan PM decides to quit as opponents seek leadership election: reports
- Prince Harry visits late queen’s grave, stirs King Charles meeting speculation
- PH to host seafarers’ welfare forum
