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
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://771bg.com
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.
- DPWH opens foreign-assisted projects to LGUs
- Go seeks more support for Filipino athletes
- PNP disputes China's crime advisory, says Philippines crime rate dropped
- Famed streetcar in Lisbon, Portugal, derails and crashes, killing 15 people
- PH’s newest warship arrives in Manila, joins BRP Jose Rizal, BRP Gabriela Silang
- Four children killed by parents in Dominican Republic — police
- Madagascar welcomes home skulls of Indigenous warriors taken by French colonial troops 128 years ago
- Lacson to give Dizon 'damning' proof vs DPWH 'rotten fruits'
- MMDA readies for FIVB men’s volleyball
- Japan PM decides to quit as opponents seek leadership election
