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
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., This news data comes from:http://yf-qkkd-gmv-dc.gyglfs.com
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.
- Venezuela builds up border security over US warships
- Discayas must return money before seeking immunity – Remulla
- Marcos to create independent commission to investigate flood control anomalies
- 11 foreigners killed in Portugal funicular crash
- Philippines to work more closely with US amid regional challenges
- Remulla pledges transparency and impartiality as Ombudsman
- Quezon City hails directive for national projects to get local permits
- Appointments panel holds first session
- South Korean President vows support to Koreans arrested in US immigration raid
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
