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.
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://www.gangzhifhm.com
- Israeli forces seize nearly 0,000 in West Bank raid
- Nepali court: Hindu holy men's nudity not obscene
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- Duterte lawyers take aim at ICC prosecutor
- South Korea to ban mobile phones in school classrooms
- What to know about Indonesia's nationwide unrest over lawmakers' perks
- AFP: It would take more than a tugboat to tow BRP Sierra Madre from Ayungin Shoal
- BuCor chief calls for major reforms
- Trough of LPA, ‘habagat’ will bring rain showers, thunderstorms across PH
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
