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://www.gangzhifhm.com
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.
Budget shortfall narrows in July
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.
- Comelec to resume BARMM polls ballot printing Thursday
- Follow the trucks: Why investors are looking south of Metro Manila
- 100K Pakistanis flee amid flood threat
- ERC amends net-metering rules to expand renewable energy options
- Go seeks more support for Filipino athletes
- Thai court to rule on PM's fate after Hun Sen call leak
- DILG to roll out nationwide unified 911 hotline on Sept. 11
- International media protest over journalist deaths in Gaza
- Israeli army: Gaza City now 'a dangerous combat zone'
- Lacson clears air over conflict with Marcoleta on flood control probe
