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.
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, This news data comes from:http://yxkvmd.erlvyiwan.com
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.
- Thai PM Paetongtarn Shinawatra sacked; new turmoil feared
- Navotas holds anti-plastic drive
- Thailand ruling party moves to dissolve parliament
- Drug war victims ready to face Duterte as ICC sets hearing on crimes against humanity
- Trump to blacklist countries for imprisoning Americans
- Most Filipinos distrust China, see it as biggest threat — OCTA survey
- Batangas engineer suspended after alleged bribery attempt on congressman Leviste
- PNP chief supports lowering age of discernment
- Palace rejects China's 'troublemaker' tag
- UK's mass facial-recognition roll-out alarms rights groups
