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., This news data comes from:http://uxjq-htd-xrq-mcsk.yamato-syokunin.com
Budget shortfall narrows in July
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.
- Sara favors punishing officials, lifestyle checks
- NHA gives cash aid to families affected by calamity in Manila
- Nartatez rules out 'quota' arrests
- Marcos urged to raise WPS resolution at UN
- Supreme Court urged to act on fake complaints
- Thai PM Paetongtarn Shinawatra sacked; new turmoil feared
- House holds budget review with 21 civil society organizations
- Sen. Bong Go files bill for better health worker protection, benefits
- Comelec probes 15 govt contractors over 2022 election donations
- Hawaii's Kilauea volcano erupts with lava pouring out from multiple vents
