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., This news data comes from:http://ipo-gevl-vjyg-jsgt.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.
Budget shortfall narrows in July
- Marcos embarks on three-day state visit to Cambodia
- Hawaii's Kilauea volcano erupts with lava pouring out from multiple vents
- No winner in Ultra, Megalotto draws for Sept 5
- ‘Large shark’ kills man off Sydney beach
- Macron's decision to recognize Palestinian state angers Israel and the US
- Hontiveros pushes P15,000 salary hike for teachers
- Japan accelerates missile deployment amid rising regional tensions
- Magnitude 5.1 earthquake rattles Surigao del Sur
- Earthquake in eastern Afghanistan kills at least 610 people and injures 1,300
- Malacañang hits back at VP Duterte's criticism on flood scam probe
