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://www.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.
- Gasoline, diesel price hikes seen next week
- Trump moves to cut more foreign aid, risking shutdown
- Former president Duterte's health stable despite high blood sugar, says VP Sara
- ‘40% of Filipinos obese’
- Filipino priest wins Ramon Magsaysay Award for activism against Duterte's drug war
- BCDA honored for UN sustainable development goals at Manila Times Awards
- India warns Pakistan of more cross-border flooding due to heavy monsoon rains
- Supreme Court: It’s work as usual in judiciary
- Ballots for oct 13 BARMM polls completed – Comelec
- Gomez-Estoesta named court administrator by Supreme Court
