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://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.
- Supreme Court: It’s work as usual in judiciary
- Four children killed by parents in Dominican Republic — police
- PAL plane bound for Osaka returns to Manila due to 'emergency' situation
- Portugal mourns after Lisbon streetcar accident kills 15
- Pope declares 'God's influencer' first millennial saint
- PNP disputes China's crime advisory, says Philippines crime rate dropped
- US church shooter 'obsessed with idea of killing children'
- Sara favors punishing officials, lifestyle checks
- Trump plans a hefty tax on imported drugs, risking higher prices and shortages
- Pag-IBIG: More than 25k register for socialized housing units under Expanded 4PH
