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.
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
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
- Go seeks more support for Filipino athletes
- Unnamed skeletons? US museum at center of ethical debate
- Escudero subpoenas 5 contractors, 3 DPWH executives to Senate probe
- ERC amends net-metering rules to expand renewable energy options
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- ‘40% of Filipinos obese’
- Made in China? The remarkable tale of Venice's iconic winged lion
- Taiwan: China illegally deploying oil rigs in its waters
- Supreme Court: It’s work as usual in judiciary
- Australia halts logging for koala haven on eastern coast
