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.erlvyiwan.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.
- 100K Pakistanis flee amid flood threat
- Thai court dismisses prime minister over compromising phone call with Cambodian leader
- Pagasa: Rainy Monday over Visayas, Luzon areas due to LPA, 'habagat'
- Israeli strikes in Yemen's capital kill six, Houthis say
- NHA gives cash aid to families affected by calamity in Manila
- DPWH exec fired, 2 others face dismissal over flood control mess
- Palace hits Discayas over ‘misinformation’ on PH film center project
- Trump wants to meet Norea Korea's Kim again
- 11 foreigners killed in Portugal funicular crash
- Rep. Tiangco reveals P17B flood control allocations linked to former appropriations chairman Rep. Zaldy Co
