MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July, This news data comes from:http://erlvyiwan.com
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.
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.
- DPWH Secretary Dizon vows to slash 'staggering' P268B flood control budget
- PH Army showcases disaster response capabilities before Thai defense officials
- Lone bettor wins P86M in 6/42 lotto draw for Sept 6
- Thai opposition holds kingmaking summit deciding new PM
- Israeli protesters demand hostage deal as cabinet meets
- Social pension eyed for indigent seniors
- Gaza aid flotilla says hit by drone, Tunisia says none detected
- Denmark summons US envoy over 'attempts to influence' Greenland
- Made in China? The remarkable tale of Venice's iconic winged lion
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
