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., This news data comes from:http://vtom-pjhb-dgt-kh.705-888.com
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- Marcos soon to create commission to probe flood control projects
- 1.2K pass Electrical Engineers exam
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Pacifist Japan struggles to boost troops as China anxiety grows
- Some areas in Metro Manila, Bulacan, Quezon to have power interruptions due to maintenance work
- Sara Discaya admits owning 28 luxury cars
- Japan PM decides to quit as opponents seek leadership election: reports
- Trump moves to cut more foreign aid, risking shutdown
- Marcos to create independent commission to investigate flood control anomalies
