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.jyxingfa.com
Budget shortfall narrows in July
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.
- P270M rock shed useless – Marcos
- Padilla: Drug testing bill not aimed at Marcos
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
- Police general suspended for ‘obstruction’ of evidence in case of missing sabungeros
- Alex Eala targets US Open Round of 32 in rematch against Spanish rival
- PH to see ‘blood moon’ Sept. 7-8
- Jollibee, DepEd partner to develop quick service restaurant curriculum for senior high
- Thai opposition holds kingmaking summit deciding new PM
- DILG denies claims ex-PNP chief ousted over firearms purchase
- Thai Court: PM Shinawatra violated ethics rules
