MANILA, Philippines — The government’s budget deficit narrowed in July amid faster revenue growth, the Bureau of Treasury reported on Thursday.
Budget shortfall narrows in July, This news data comes from:http://052298.com
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.
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.
- 25,000 Filipinos register for Pag-IBIG's Expanded 4PH Housing Program
- Ukraine offers to co-produce drones with Philippines for maritime patrols
- Chery Tiggo survives Creamline in cardiac five-setter in PVL Invitationals
- Marcos signs laws creating more court branches
- China is showing off its weaponry in a tightly controlled military parade
- Indonesia, US and allies launch joint military drills
- PNP chief Torre relieved, Nartatez to take over
- No winner in lotto draws for Aug 23
- San Juan commemorates first revolution under Spanish rule in 129th Araw ng Pinaglabanan
- Berlin urges Israel to 'immediately' improve humanitarian conditions in Gaza
