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, This news data comes from:http://cj-iuwb-boar-jqyd.gyglfs.com
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.
Budget shortfall narrows in July
- Can a giant seawall save Indonesia's disappearing coast?
- Xi and Putin round on West at regional summit in China
- US approves .5M in assistance to Nigeria to help address hunger
- Jollibee, DepEd partner to develop quick service restaurant curriculum for senior high
- Private groups back DHSUD chief's anti-corruption policy
- Read to reduce sentence, Uzbekistan tells prisoners
- Maduro calls for dialogue hours after Trump’s threat
- Woman accused of murdering her children faces New Zealand trial
- Dizon to abolish DPWH internal special investigation team created to look into the flood control anomalies
- New judge to handle Dengvaxia cases named; hearing set
