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.
Budget shortfall narrows in July
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., This news data comes from:http://pdy-ix-hyyi-xnl.771bg.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.
Budget shortfall narrows in July
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- Marcos signs laws declaring holidays across PH
- Pope declares 'God's influencer' first millennial saint
- India to probe giant zoo run by son of Asia's richest person
- PH to host seafarers’ welfare forum
- Thailand acting PM moves to dissolve parliament — party
- Afghanistan earthquake kills more than 800
- Duterte Youth brings Comelec cancelation battle to Supreme Court
- Comelec defers reconstitution of BARMM parliamentary districts
- Eala ousts Day, enters Guadalajara Open final
