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., This news data comes from:http://vko-fgao-xei-vkx.705-888.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.
Budget shortfall narrows in July
- Comelec completes ballot printing for Bangsamoro elections despite redistricting dispute
- Palace hits Discayas over ‘misinformation’ on PH film center project
- South Korean prosecutors indict Yoon's wife, former PM
- 15 people hospitalized after double-decker bus crashes outside London's Victoria Station
- Retired NBI agents urge Marcos to appoint career official to replace Santiago
- Brawner orders troops: Stop China from boarding BRP Sierra Madre at all costs
- Alex Eala makes history With comeback victory at US Open
- 4 policemen linked to sabungero case slapped with more administrative cases
- La Niña may return but temperatures will remain high, UN says
- Red Cross head says mass evacuation of Gaza City 'impossible'
