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, This news data comes from:http://wp.xs888999.com
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.
- Mayor Sotto slams Discayas, cites lies, ghost firms, and kickback allegations
- Pasig City continues barangay aid for efficiency, ends patronage politics
- Bonoan resigns, Dizon named DPWH chief
- Luzon dams release water due to southwest monsoon
- Xi and Putin's hot mic moment: How long will science extend the human life span?
- PH, Japan conduct search and rescue exercises
- US woman charged with registering her dog to vote
- Estrada, Villanueva tagged in House flood control mess, says 'SOP was 30%'
- Need to pee? Japan has QR code for that
- Marcos to create independent commission to investigate flood control anomalies
