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., This news data comes from:http://kvb-ylqk-onbe-ew.771bg.com
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.
- Sara mum, but brother thinks Torre removal due to PNP's 'internal conflicts'
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- Labubu fans flock to stores after launch of mini dolls
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- South Korea to ban mobile phones in school classrooms
- Judge reverses Trump administration's cuts of billions of dollars to Harvard University
- South Korean prosecutors indict Yoon's wife, former PM
- Group presses DA on delayed fertilizer subsidies
- Marcos leads oath taking of new officers of League of Provinces of the Philippines
- Petitioners challenge claim NAIA fees lowest in Southeast Asia
