MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July, This news data comes from:http://sbfk-br-vlt-lx.gangzhifhm.com
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.
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.
- Japan prince comes of age as succession crisis looms
- Ballots for oct 13 BARMM polls completed – Comelec
- Alex Eala makes history With comeback victory at US Open
- Pope Leo XIV to Israeli president: 2-state solution needed to end Gaza war
- Philippines nears universal healthcare, 80% goal achieved -- Marcos
- DILG denies allegations that PNP chief fired over firearms deal
- Follow the trucks: Why investors are looking south of Metro Manila
- Marcos signs laws declaring holidays across PH
- Tourists dice with danger on Hanoi's train street
- Some areas in Metro Manila, 5 provinces to have power interruptions due to maintenance works
