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.
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.
Budget shortfall narrows in July, This news data comes from:http://www.yamato-syokunin.com
- Repairs on Chinese ship in Bajo de Masinloc collision may take 2 months - PH Navy
- NATIONAL ARTIST'S HOMETOWN
- Suspect in 2012 killing of Dutch aid worker freed
- PNP enlists Interpol help in hunt for Japanese mastermind behind Manila double murder
- Napoles gets 55 years for another ‘pork’ case
- Japan gives Philippine justice system a boost
- Drug war victims ready to face Duterte as ICC sets hearing on crimes against humanity
- Pagasa sees two to four tropical cyclones hitting Philippines in September
- Public Works Chief Vince Dizon demands courtesy resignations to 'clean house'
- Marcos, first lady visit Cambodia to boost ties
