MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July
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., This news data comes from:http://www.jyxingfa.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.
- 17 House lawmakers press Marcos administration to raise WPS issue to UN
- VP Sara lauds Filipino heroes
- Globe partners with unconnected.org to provide remote schools with sustainable internet connectivity
- Motive probed for US shooting that killed two children, injured 17
- IBP to form good governance panel
- Palace hits Discayas over ‘misinformation’ on PH film center project
- No winner in Grand, Megalotto draws for Aug 27
- Trump names US ambassador to India
- ‘God’s Influencer’ to become first millennial saint
- Washington makes military aid overtures to Sahel juntas
