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., This news data comes from:http://ycyzqzxyh.com
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.
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
- Mandela grandson says he will join Gaza aid boat
- Australia expels Iran ambassador over antisemitic attacks
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- Bonoan resigned due to command responsibility — Marcos
- Drug war whistleblower Royina Garma returns to PH after US detention
- Pag-IBIG: More than 25k register for socialized housing units under Expanded 4PH
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- Bureau of Customs seeks missing luxury cars of contractor Sarah Discaya
- Ukraine's children start new school year in underground classrooms to avoid Russian bombs
