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.
Budget shortfall narrows in July
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://brawrkax.gangzhifhm.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.
- Pope Leo: We must listen first before speaking
- Manila Water announces service disruption for over 12K households in Mandaluyong due to leak repair
- Lacson seeks probe of 2 PH contractors' board members for conflict of interest
- Putin facing mounting pressure from the West
- Bureau of Customs seeks missing luxury cars of contractor Sarah Discaya
- Comelec at 85: Garcia vows reforms to strengthen faith in democracy
- LPA off Leyte has low chance of becoming cyclone within 24 hours —Pagasa
- Washington makes military aid overtures to Sahel juntas
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- National Guard troops begin carrying weapons in US capital
