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://epvs-dtjq-kum-pwi.771bg.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.
Budget shortfall narrows in July
- 2 policemen placed under preventive custody for allegedly molesting a female colleague in Marikina
- Labubu fans flock to stores after launch of mini dolls
- Washington makes military aid overtures to Sahel juntas
- Trump moves to cut more foreign aid, risking shutdown
- SSS pension reform program starts in September
- Marcos to attend UN meet in New York in Sept- Palace
- Peace efforts in limbo as Kyiv mourns 23 dead
- 'I have no resentment,' says Torre after dismissal as PNP chief
- China is showing off its weaponry in a tightly controlled military parade
- Passenger with fake Overseas Employment Certificate barred from leaving
