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.
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, This news data comes from:http://yamato-syokunin.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.
- 25,000 Filipinos register for Pag-IBIG's Expanded 4PH Housing Program
- No peace without end to hostilities –Arab bloc
- Mandela grandson says he will join Gaza aid boat
- Marcos opens WorldSkills Asean competition
- Modi reaffirms India's support for Ukraine peace settlement during call with Zelenskyy
- Afghanistan earthquake kills more than 800
- MMDA readies for FIVB men’s volleyball
- Macron's decision to recognize Palestinian state angers Israel and the US
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- Iran confers with European nations on its nuclear program as sanctions deadline nears
