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
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://bjk-opvq-sf-stfg.yamato-syokunin.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.
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.
- President Marcos launches HD Hyundai Shipyard in Subic
- Isko Moreno files charges against contractor over illegal demolition of sports complex in Manila
- Cyclone's trough, habagat will bring cloudy skies, rain showers over PH
- PTFOMS and CHR sign agreement to improve Filipino media workers' safety
- Hopes dim for Putin-Zelenskyy peace summit
- Gaza at 'breaking point,' says UN food agency chief after visit
- Eala kicks off US Open campaign, aims for breakthrough win in New York
- Nartatez to reassign Torre if he won't retire, says they're 'okay'
- Tourists dice with danger on Hanoi's train street
- IBP forms committee on good governance to probe corruption
