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.
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., This news data comes from:http://qjwe-vg-tn-web.ycyzqzxyh.com
- Housing secretary declares 'zero-tolerance' policy on corruption
- Iran-backed Houthis raid UN offices in Yemen and detain at least 11 employees
- Widespread flooding in Quezon City due to heavy rains, stranding commuters, rendering most roads impassable to vehicles
- Comelec to resume BARMM polls ballot printing Thursday
- Budget shortfall narrows in July
- DPWH chief rejects calls to resign as he vows to probe corruption in flood control projects
- China is showing off its weaponry in a tightly controlled military parade
- US warship heading toward Caribbean Sea
- Marcos embarks on three-day state visit to Cambodia
- 2 policemen placed under preventive custody for allegedly molesting a female colleague in Marikina
