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://www.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.
Budget shortfall narrows in July
- Globe: Mobile data helps drive national progress
- Emma Tiglao crowned Miss Grand PH 2025
- Marcos urged to raise WPS resolution at UN
- Chinese sleeper agents' and PLA operatives a threat, Lacson warns
- 100K Pakistanis flee amid flood threat
- PH to see ‘blood moon’ Sept. 7-8
- Arjo Atayde, Vice Ganda, Marian Rivera win top acting honors at 73rd FAMAS Awards
- BIR to audit contractors flagged for ghost flood projects for tax fraud — BIR
- Sotto files bill to amend party-list system
- Vico encourages citizens on Heroes’ Day to be brave
