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.
Budget shortfall narrows in July
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://nho.redcanaco.com
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.
- Taiwan, China locked in historical word war
- Lacson: Torre 'acted beyond his authority'
- Quezon City hails directive for national projects to get local permits
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Go Negosyo, CFO push migrant empowerment
- 2028 polls overseas voter registration opens in Dec
- Some areas in Metro Manila, Bulacan to have brownouts due to maintenance work
- Thailand's Parliament to vote Friday for a new prime minister
- MMDA unveils plan to build rainwater impounding facilities in Camp Aguinaldo
- Typhoon death toll rises in Vietnam as downed trees hamper rescuers
