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.
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.705-888.com
Budget shortfall narrows in July
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
- LTO told to summon 2 DPWH engineers with fake driver’s license
- Putin vows not to back down in Ukraine
- Filipino fulfills dream of performing with K-pop group before home fans
- Trump escalates crackdown threats with Chicago 'war' warning
- ICC postpones Duterte’s confirmation hearing after defense panel cites fitness concerns
- Thailand's Parliament to vote Friday for a new prime minister
- May 12 poll results accurate, credible - OCTA Research
- 4 of 15 contractors on Marcos list have clean records – DPWH
- AI, thinner iPhones likely stars of Apple 'Awe Dropping' event
