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://www.ycyzqzxyh.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.
- Supreme Court urged to act on fake complaints
- Wildfires producing 'witches' brew' of air pollution – UN
- Marcos signs mining tax regime law
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
- Marcos orders lifestyle check on all govt officials amid flood projects probe
- Palace: Govt monitoring Chinese sleeper agents, PLA presence in PH
- Monsoon rains flood Mandaluyong, Parañaque — MMDA
- India to probe giant zoo run by son of Asia's richest person
- South Korea's Lee faces pivotal test at first summit with Trump
- Tokyo logs record 10 days of 35 C or higher
