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
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, This news data comes from:http://bcyhpdu.052298.com
- Isko files raps over demolition of sports complex
- ‘New NBI chief must be career official’
- Iran says open to US nuclear talks, rejects missile curbs
- Boy killed, mother injured in Pasig fire
- DPWH seeks lookout bulletin vs officials, contractors in ghost projects
- Pagasa sees two to four tropical cyclones hitting Philippines in September
- 'God's Influencer' to become first millennial saint
- DMW: 19 distressed OFWs return home from Jeddah
- Anutin elected as Thailand's new prime minister
- IBP to form good governance panel
