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
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., This news data comes from:http://yk-af-cd-my.ycyzqzxyh.com
- Supreme Court urged to act on fake complaints
- 1 in 4 people lack access to safe drinking water — UN
- 2028 polls overseas voter registration opens in Dec
- Unnamed skeletons? US museum at center of ethical debate
- Trump tells Europe to put economic pressure on China over Ukraine
- Pasig Mayor Vico Sotto attends House flood control probe
- Filipino member of AHOP K-pop group says Manila concert a dream come true
- Putin and Modi in China for summit hosted by Xi
- Roxas matriarch, 91
- India to cut taxes on hundreds of consumer goods to boost local demand following steep US tariffs
