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., This news data comes from:http://xnlncr.771bg.com
Budget shortfall narrows in July
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
- Some areas in Metro Manila, 5 provinces to have power interruptions due to maintenance works
- China 'unstoppable', says Xi with Kim, Putin at his side
- Made in China? The remarkable tale of Venice's iconic winged lion
- Taiwan: China illegally deploying oil rigs in our waters
- Social media erupts: Politicians' children face backlash for flaunting wealth
- Lacson to govt: Protect education budget
- North Korean leader inspects new missile factory ahead of visit to China
- Trump escalates crackdown threats with Chicago 'war' warning
- Argentine police recover Nazi-looted painting spotted in property ad
- Japanese volunteers to PH 'bedrock' of bilateral relations, says envoy
