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://www.yamato-syokunin.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.
- Senate cites former Bulacan assistant district engineer in contempt
- Villanueva: Regularize contractual govt workers
- Prince Harry visits late queen’s grave, stirs King Charles meeting speculation
- Eight towns in Cotabato cancel classes on Monday
- Asian voices needed to 'shape agenda' - AVPN chief
- Afghanistan earthquake kills more than 800
- DPWH exec asked lawmaker to make budget insertions — Lacson
- ₱1.7M shabu seized in Taguig buy-bust
- Putin tells Xi China-Russia ties are at 'unprecedented level'
- Comelec to resume BARMM polls ballot printing Thursday
