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
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., This news data comes from:http://xs888999.com
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.
- Discayas name lawmakers, DPWH officials involved in alleged extortion
- Rubio says US warned France on Israel annexation moves
- Taylor Swift, Travis Kelce engaged
- LPA may still develop into short-lived tropical cyclone
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- Motive probed for US church shooting that killed 2 children, injured 17
- Go Negosyo, CFO push migrant empowerment
- Need a pee? Japan has QR code for that
- Afghan quake death toll surges to over 2,200
- Dizon asks DOJ to issue immigration lookout bulletin to 26 DPWH officials and contractors
