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.
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://elg-yv-cor-dtrg.aichuwei.com
Budget shortfall narrows in July
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- Marcos to mark ‘Thrilla In Manila’ 50th anniversary
- 1 in 4 people lack access to safe drinking water — UN
- Pagasa: Trough of LPA, 'habagat' will bring rain, thunderstorms across PH
- French couple kept panther that roamed nearby rooftops
- Philippine experts urge harm reduction strategy for tobacco control
- Marcos signs law giving 99-year land lease to foreign investors
- PNP disputes China's crime advisory, says Philippines crime rate dropped
- DSWD allocates P6.2B for livelihood program
- AFP chief tells troops: Stop Chinese from entering PH ship marooned on WPS territory at all cost
