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, This news data comes from:http://www.aichuwei.com
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.
- Peace efforts in limbo as Kyiv mourns 23 dead
- Mexican boxer Chavez Jr. released from prison pending trial
- Villanueva: Regularize contractual govt workers
- LPA trough, 'habagat' to bring rains in parts of Luzon, including Metro Manila
- Comelec to open nearly two-year overseas voter registration for 2028 elections
- Ukraine eyes defense deal with PH that includes co-production of drones, says envoy
- LTO told to summon 2 DPWH engineers with fake driver’s license
- Rains over Metro Manila, parts of PH as LPA may develop into 'short-lived' tropical depression
- Customs preparing report on Discayas’ 28 luxury cars
- Marcos to mark ‘Thrilla In Manila’ 50th anniversary
