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.
Budget shortfall narrows in July
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., This news data comes from:http://lt-tqb-jvrj-fjh.aichuwei.com
- PH doesn't recognize Taiwan as sovereign state, stands by 'One China Policy' -- Foreign Affairs chief
- Marcos leads oath taking of new officers of League of Provinces of the Philippines
- Some areas in Metro Manila, 5 provinces to have power interruptions due to maintenance works
- A suicide bombing near a political rally in southwestern Pakistan kills 13 and wounds 30
- Israel ups pressure on Gaza City as Trump talks post-war plan
- House justice panel to probe US' extradition request for Quiboloy
- London arms show opens under Israel cloud
- La Niña forecast from Sept-Dec, expect more tropical cyclones, above normal rainfall -- Pagasa
- DPWH engineer denies role in Bulacan flood control ‘ghost projects’
- Recto: No exemption for US tech firms from digital tax
