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.
Budget shortfall narrows in July, This news data comes from:http://www.052298.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.
Budget shortfall narrows in July
- Opponents of Japan PM seek leadership contest
- Globe: Mobile data helps drive national progress
- Govt debt swells to record P17.58T
- Marcos to youth: Help in nation-building
- Marcos says commission on DPWH anomalies to be finalized 'very soon,' mum on Magalong participation
- HFMD cases on the rise
- Napolcom welcomes Nartatez’s move to recall Torre’s reassignments
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
- No peace without end to hostilities –Arab bloc
- Filipino member of AHOF K-pop group says Manila concert a dream come true
