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.
Budget shortfall narrows in July, This news data comes from:http://oxg-nevb-gm-bb.gangzhifhm.com
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.
- Duterte party's acting chairman charged at Sandiganbayan over Malampaya project
- Firefighters arrested by US immigration officials
- NKorea could produce ten to twenty nukes per year — SKorea leader
- Putin meets Kim, praises North Korean troops in Russia
- Marcos lauds Filipinos for role in nation building on National Heroes Day
- Philippine forces deliver supplies and personnel to disputed South China Sea shoal despite tensions
- Bonoan freezes DPWH travel passes
- Marcos inspects rock shed project in Benguet
- Pope demands end to 'collective punishment' and forced displacement of Palestinians in Gaza
- Passenger with fake Overseas Employment Certificate barred from leaving
