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, This news data comes from:http://gyglfs.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.
- 'God's Influencer' to become first millennial saint
- Inflation up 1.5% in August
- House justice panel to probe US' extradition request for Quiboloy
- Scramble for survivors as Afghan earthquake death toll passes 1,400
- Indonesian leader fires ministers of finance and security after deadly protests
- Japan PM decides to quit as opponents seek leadership election
- Tensions soar in Indonesia as protests over police brutality and lawmakers' allowances continue
- PH Construction Board asked to address 'accreditation for sale' scandal
- Boy killed, mother injured in Pasig fire
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
