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.
Budget shortfall narrows in July, This news data comes from:http://www.gyglfs.com
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.
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
- Modi and Putin affirm special relationship as India faces steep US tariffs over Russian oil imports
- UN food agency chief says women and children are starving in Gaza and pressed Netanyahu on aid
- Surfacing of WPS features ‘likely’ natural occurrence, not due to dumped crushed corals
- Customs finds only 2 luxury cars at contractor's compound in Pasig
- Comelec probes 15 govt contractors over 2022 election donations
- DILG suspends classes, gov’t work in 17 areas
- LPA has big chance of intensifying into tropical cyclone to be named ‘Kiko’
- Discayas to file raps vs protesters, will attend Senate hearing — lawyer
- Drug war victims ready to face Duterte as ICC sets hearing on crimes against humanity
- Evicted from their forests, Kenyan hunter-gatherers fight for their rights
