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://hlrq-nuo-csl-cvji.705-888.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
- Pasig police prepare charges vs protesters
- Pagasa monitors 2 LPAs inside PAR; prevailing 'habagat' brings rain across PH
- Philippine forces deliver supplies and personnel to disputed South China Sea shoal despite tensions
- Nepali court: Hindu holy men's nudity not obscene
- India's Modi seeks closer ties on Asia tour to offset US tariff fallout
- In Taiwan, competing narratives over the meaning of China's massive military show
- Philippines presses call for ceasefire in Gaza
- Malabon shifts garbage disposal to Rizal landfill after Navotas closure
- DILG suspends classes, gov’t work in 17 areas
- 'Strangest' dinosaur covered in spiked armory — Scientists
